Heellooooo My Fellow Steemians,
Etherium is still falling and falling and falling . It is in a long-term correction phase. Is price going to go upwards already ??
Ethereum price is fluctuating around 300 for last days. This price is very crucial for growth because it was the spot of the biggest offer. It couldn't uphold for infinity you know :D, so obviously the supply overcame the demand. But luckily, the fall of demand Seems to be temporary. Sharp upward impulses after sharp downtrend only proves that. well, VITALIK BUTERIN the creator of ETH assumed the big part of this is due to network upgrades and more technical stuff.
Technically speaking, ETH price is at the end of its longterm growth correction. It is also fact, that the price has reached all the key points, where most of the traders measure the trend lines and so on.
And for growth, there needs to be a reversal up-wave. Well at least I think for short term, it can reach 240 price-mark then fall a bit again, like sideways. But for more strong growth, ETH will need to get stronger positions around $240 area. Otherwise, it will fall another short term. at this stage there seems to be $230 sell wall in order books too. But "Every Medal has Two Sides@ , great opportunity for a large buyers we might not see this prices for ETH anymore in the future :)
Possible growth scenario:
USDT\ETC
ETH Classic price has Followed footsteps of its brother in law Etherium :D:D:D. . It is also in correction peak. there is two possible scenarios, ether it will grow to $23 or go below $10.
There might be high volatility in price due to the news for 13th of july :)
In trend structure, you can see that ETH -Classic price is on the lowest border, and it like this already a month. This flat low border is rather long, expect a trend of the appropriate scale. for breakout until $20 and above, the ETC should correct at the highest $16.4-16.7 bid area. It will prove the advantage of BULLS . otherwise , Fall is inevitable.
Always Remember: Dont Invest More Then You Can Afford to lose.