Ethereum if you do not bounce from the level below, Altcoins will crash a further 45%
Ethereum’s Founder, Vitalik Buterin stated that he believes that the price of Ethereum is hyper inflated.
This comes suprising to the rest of the crypto-asset market as that is what Charlie, the Litecoin Founder highlighted during the Top of the Bull-Market in 2018 when he sold all of his Litecoins at $320.
Especially now that Litecoin had lows of $60.
Vitalik sold 25% of his Ethereum’s at $14, with its high reaching $1200.
The Market took Vitalik’s statements negatively seeing it crash to lows of $189, the lowest we have seen since October 2017.
What will Happen today?
ETH has seen highs of $204, before crashing to under $195 and stabilising them overnight. Especially during the weekly close in which we saw a further Lower Low.
ETHereum has a negative market sentiment. On the lower time frames, during the London open, to stop Ethereum from falling below $195, there was a large market buy to stop the further crushing to lower $190’s.
The trendline that has restarted on Sunday illustrates that ETH will fall to $194.50 before bouncing to the upper $202 levels.
This is despite the negative statement and correlates with the increase in both sell-side
Nouvive recommends a Buy at $192-194 before taking profit at $203.
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