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RE: ETHEREUM analysis #12 - The "We're back to normal" blow off phase.
Yes, exactly right. There's no reason for ETH to cost as much as it does. Nothing but FOMO and bubble-hype fueling it. And with all the ICO madness, platforms will be launched on different chains and all the investors will leave, followed by the panic sellers. I'll buy ETH when it's at a reasonable $5.00, which should be sometime this year.
Agreed, at this point it doesn't take a lot of brains to see what's going on. But we still have all these people on youtube saying is going up, is going up! I just feel bad for the new people that will buy now following these types of advise. That's the reason I'm sharing these charts here.