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RE: Ethereum (ETH): MACD Says a Potential Trend Reversing Breakout is Fast Approaching
The crypto market has had some issues over the past couple of months and I feel that there will be a nice and gradual build up back to its' yearly projections. I've been surprised to see the weakness of Ethereum these days. Is it because of all the buzz about it as of recent online? -Respect
ICOs selling ether. This will continue through 2018 and intensify. Plus it's worth remembering ETH has huge inflation rate of 10-15% and has unlimited max cap.
Regarding ICOs selling ether, as an example, EOS alone has few Billions (yes, Billion with B) worth of ether. They can crush ETH to sub 100 USD levels. EOS will be launched in 2 months.