WILL ETHEREUM RETURN FEROCIOUSLY AS EVER

Most of the Ethereum's proponents freak-out by the last night unabated crash of Ethereum. That left many of them bewildered about their investment and many have simply uttered that they will exchange ETH with BTC. Moreover, nearly 4 billion dollars of investments were taken out from Ethereum, as per coinmarketcap data. Such ups and downs in a market usually frighten the new investors and that fear usually cost them hundreds of dollars. That's why it has been rightly said about new investors, that 95% of naive investors do loss instead of profit when they enter the market.

Before diving directly into the topic, let me briefly highlight why the new investors lose money in the market of cryptocurrency. The reason being is that they simply follow current trends without taking currency's long term reputation into an account. They are unaware of the support and resistance lines and they start selling when they notice down-curves on the graphs and vice-versa. On the other hand, experienced traders look for the support and resistance lines, percentage of buyers to the sellers and use analytical tools before taking any decision.

Coming back to the topic, WILL ETHEREUM RETURN FEROCIOUSLY AS EVER? Before giving my verdict on this, I will concisely jot down here who is behind this currency. Microsoft, Alex Batlin, global blockchain lead at BNY Mellon, one of the companies on the EEA board, banks and other enterprises are supporting it and have increased collaboration with the Ethereum development community. Besides, the way ETH is retaining its power after crashes is clearly depicting its resilience. Due to these reasons I am compelled to say it YES IT WILL RETURN FEROCIOUSLY AS EVER.

From the above graph you can easily infer that the crash was very huge and weak cryptos usually succumb to such downfalls. But the Eth endure it and again started to hike up.