A couple of weeks ago I sold all my ETH https://steemit.com/ethereum/@wvm/ethereum-second-crash
This isn't the same kind of flash crash we saw weeks ago when Ethreum dropped to $210, this was a slow decent, a downward trend that was slow like ice melting off a roof. Weeks ago I saw the chart, read the news, looked at every everything surrounding ETH and decided to sell all my ETH between $290 and $330 in order to buy in on new lows below 200. It was a huge risk and so far the risk is looking like it will pay off. ETH is at $219 at the time of writing this blog. How low will it go? My original guess was $170 but who knows, I definitely feel now that ETH will dip below $200.
But how low?
My original guess in this blog written more than a week ago was $170 https://steemit.com/ethereum/@wvm/eth-is-going-down-down-down-down I saw that as the last area of support and chose that price. But right now I wonder indeed how low ETH will really go? I now see the support at about $170. I feel this is a huge correction for the market. Leading up to Aug 1st who knows how low the market will dive, ETH could very well be in the low 100s in a big panic selling once ETH reaches below $200. Right now anything is possible. Will I buy into ETH again? Yes I think I will, but I am going to wait till it reaches around $150 to $170. I'm going to be patient, because I feel it will be at $170 for a bit so who knows how far down this thing will go.
This is a wild ride cryptos are on.
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