Daily Ethereum Forecast - Wednesday June 28th (#11)
Hey Steemers!
For those that called the bottom yesterday at $227 and bought in are surely going to be sitting pretty now as the price rose back up to $290. The so-called hoax caused the drop according to some sources - what does this say about the stability of crypto - I'll let you decide!
Ethereum is set to coincide with the barrier of want if the move continues so this will be interesting to see.
Today I am BULLISH on Ethereum, I can see a move over $300 if parity continues, I am putting this likelihood down to 55% so we will have to get an ongoing swing for this to come to fruition. An alternate parity swing could see a dip back to $250 if the bears take hold.
Stymied determination is warranted with Ethereum today, be wary of silent players!
With new Friday's ICOs I think it will be bullish till Friday, before having another small correction in the weekend.
Anyway we all know long for the long run is the correct solution :)
Long for the long run is a definite :)
you will be surprised of how many people still think ETH is a bubble, it is not worth it, and etc. etc. BS.... At least we are going to laugh in few years from now :)
Right! The technology of the ethereum
Blockchain is a game changer for smart contracts and automation. When you hear that people like McAfee are mining Ethereum and Fidelity has invested in the technology it shows you the wide usage cases.
Couldn't explain it in a better way! 5 years from now a lot of the business processes are going to be much different and most likely cheaper for the final user.
I've been checking your daily forecasting, and it seems like you are a guy from the future haha. So amazing!