You are viewing a single comment's thread from:
RE: What is happening? What happened to the price of ETH???
Uncharted territory. Bitcoin had its dark moments too- maybe Ethereum is the same. A dark moment. It could go on for a while before interest picks up again. Maybe investors are running out of enthusiasm, waiting to see what would happen in 2017.
Out on a limb, it could go down as low as $50.
Good point, I mean that's where it was at just 3 months ago. My guess is that after ETH went over 200 a bunch of speculators jumped on the train pushing up the price. Those same speculators now cashed out and the rest got cold feet and sold since they aren't in it for the long run, further pushing down the price.