ETH update - How far can it retrace?
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ETH seems to be following BTCs route, however, the last jump to 160s was a little bit too much corresponding to Bitcoin.
Right now, I think that ETH will continue following bitcoin.
If BTC decides to go up to 5000s nearly all altcoins will have a small party, however I think it won't be the same for ETH. While other altcoins can move more than x2, ETH should stay below 180 usd.
1 year channel is considered.
PS: A drop below 80 usd will be catastrophic!!!!
If eth drops below 80 usd, I think it will be easy for it to drop to 30-40...
Right now, I think that ETH will continue following bitcoin.
If BTC decides to go up to 5000s nearly all altcoins will have a small party, however I think it won't be the same for ETH. While other altcoins can move more than x2, ETH should stay below 180 usd.
1 year channel is considered.
PS: A drop below 80 usd will be catastrophic!!!!
If eth drops below 80 usd, I think it will be easy for it to drop to 30-40...
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