As you've surely seen by now, the FUD surrounding Bitcoin's August 1st SegWit decision has the whole cryptocurrency market in a bloodbath downturn - at least for now, that is.

Ethereum, down 59% from one month ago as of the writing of this post, has been hovering around ~$140 today (7/16/2017). Now the big question is, where's the floor?

Since we're still two weeks out from August 1st, there's no reason to think this downturn is over just yet. Of course, we'd all be happily surprised if that were the case, but we're definitely looking at a stormy forecast in the short-term.

It's really all up to Bitcoin, since when Bitcoin drops, all cryptocurrencies drop. Crytpo-wiz and fellow Steemian Hive account@craig-grant sees Bitcoin potentially hitting $1300 and Ethereum hitting $55 in the coming days. He even remarked that $10 Ether could be a possibility before all this short-term chaos is said and done.

Nothing's changed with Ethereum's fundamentals. It's still extremely sexy long-term and has the potential to revolutionize the global economy. This volatility's just going to have to shake itself out, there are a lot of factors at play.

How about you? Where do you think Ethereum's bottom will be? $130? $60 $10? Be sure to sound off in the comments below and let me know what YOU think! It's really anybody's guess right now, interested to hear where you stand!

Thanks for reading, folks. Check out my other latest post if you're interested!

-WMP