Oh boy you sound so desperate that I am not even sure if you really try to pump up it or maybe your real plan is to expose the bitcoin church for its absurdity.
But in fact a correction like this is quite normal behaviour around strong resistance lines. The up trend is there, it is just a little bit slower than people think - so the leveraged people got anxious and they dumped.
Yea, no. Everyone knows China is a net exporter of BTC so they have the biggest motive on earth to pump the price. Yet, here we are, watching China not only trail the west in price day after day, but also trying to block the price rise at the same time. Some people claimed it's because China doesn't want any more ASIC companies or miners entering the game, but I do not believe that to be the Occam's Razor solution. The fact that when the Chinese want to short BTC, they spam the forum with bots with horrible English saying stuff like "BTC die now", and those same bots started saying things like "BTC scam die now, Eth is new BTC", gives the whole Occam's Razor solution away to me.
The gambling Chinamen took big positions in Ethereum and now Eth is on life support with no hope of upside potential, so they want to get rid of it before the BTC halving. If you've watched the charts at all, Eth and BTC are basically inversely correlated. Whoever holds Eth through the BTC halving will get murdered and the Chinamen want out of Eth ASAP.
