So by now if you use Steemit, you are familiar with the meteoric rise of Ethereum. But the past week, the price of Ethereum hasn't moved, and stayed stable around $350-360.
Why is this a good thing? Well, when the price of Ethereum stays stable, a lot of the people who usually hold only during the full bull market will sell their Ethereum. With these people selling, people with more fortitude will buy in at this stable price. This has happened 4 times over the past couple of months, and should provide a good floor until the next breakout.
With the price staying stable, it should incentivize more investors to hold on to Ethereum for the long haul, and not just sell the Ethereum at the next spike, which should prevent the price from dropping too much after a huge bull run while people cash out on their profits. Just my 0.000037875800957942 ETH (2 cents as of this post).
I am a novice trader and this information is just based off my current knowledge of the markets and crypto.