Hey, you are right about the fact that new money jumped to buy ETH on the way up... but I think most of them sold at a lose ...
It should not slow down to much at the 400 Marc since it was there before, It had it's correction.
If I where to say a new correction should be at 450-480 using the guesstimate
But every coin that has a wealthy growth will correct a bit from time to time, so your guess is as good as mine... we will see in a few days !
Topic: [Speculation] ETH to take a hit once it breaks $400 (Read 180 times)
This is just a speculation, and I am currently holding a small amount of ETH. We saw a huge crash of ETH in July, from $400 down to $200. This was also around the time a lot of new money was getting put into Crypto. Thousands of people purchased ETH at its ATH, in fact Coinbase crashed during this time which was a huge reason that so many people switched to real exchanges.
All of this new money either sold at a loss after the crash, or is still holding now. I predict once ETH gets back to $400, or what these people purchased it at we will see a hit. I don't predict we will see a major hit like we did in July, but it will definitely stump its growth for a few weeks. I guess we will see in the next few days, I'm hoping ETH skips right past the $400 amount, but only time will tell.
What is your prediction for ETH? A time to buy, or a time to wait for a dip?
All of this new money either sold at a loss after the crash, or is still holding now. I predict once ETH gets back to $400, or what these people purchased it at we will see a hit. I don't predict we will see a major hit like we did in July, but it will definitely stump its growth for a few weeks. I guess we will see in the next few days, I'm hoping ETH skips right past the $400 amount, but only time will tell.
What is your prediction for ETH? A time to buy, or a time to wait for a dip?
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