Majormax
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September 12, 2018, 08:25:15 AM
Last edit: September 12, 2018, 08:39:09 AM by Majormax |
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Looking at the technical chart of Ethereum, I see it just recently broke the medium technical support level of $225-$200. That was a VERY bearish technical move, showing ETH will possibly test the next support level.
The rate of the price drop and the fact that there is VERY LITTLE TECHNICAL SUPPORT, tells me ETH will drop below $100 in a month or two, maybe even sooner as holders get more and more willing to sell at ever lower prices.
Some holders are in denial and will provide fuel for the next leg down once they realise the price drop wont stop before they are practically wiped out.
Thanks. That makes good sense. From a purely chartist standpoint, at this level of $ price, there is really no support showing until $10, just an air pocket. I think the relative BTC price is more worrying in a way. It is in a similar position, breaking support. Charts don't really provide too much comfort, and I would say the level of denial/hope is more relevant. In some ways, that is painting an even worse picture. I am reluctant to be a trader, but although ETH looks like a strong sell right here, there is a significant risk that the bottom is close. Any bounce could be strong. |
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nick1492
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September 12, 2018, 08:37:43 AM |
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It's like ethereum is on a free fall right now. I guess, new applications are needed. Not only for transfer of money, but more applications and products to be supported under ethereum.
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icosscam
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September 12, 2018, 09:04:10 AM |
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can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.
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starmman
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September 12, 2018, 09:08:24 AM |
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can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.
General rise in BTC dominance - all alts are dropping - ETH has further to fall than most others, question is, when will the dominance trend reverse |
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frozenking
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The first solution in the World for cardiovascular
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September 12, 2018, 09:44:25 AM |
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yeap, bitcoin dominance now are 57.9%  the biggest dominance level of btc this year last time it was so big on decemeber, but there btc was 15-20K usd and market cap also was huge, and now its also like a year ago, i dont know when this falling ends and where is the bottom |
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wargamez
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September 12, 2018, 10:07:10 AM |
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can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.
General rise in BTC dominance - all alts are dropping - ETH has further to fall than most others, question is, when will the dominance trend reverse Even though price is dropping right now, some traders and analysts in twitter are already predicting a rebound. So if you are a trader, get ready. If not, just hold until this crypto market improves again. |
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starmman
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September 12, 2018, 10:09:52 AM |
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can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.
General rise in BTC dominance - all alts are dropping - ETH has further to fall than most others, question is, when will the dominance trend reverse Even though price is dropping right now, some traders and analysts in twitter are already predicting a rebound. So if you are a trader, get ready. If not, just hold until this crypto market improves again. I've been accumulating all the way down - bit of a risky strategy - I'd be pretty happy with an upturn |
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Odeoke
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September 12, 2018, 10:17:26 AM |
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yeap, bitcoin dominance now are 57.9% the biggest dominance level of btc this year last time it was so big on decemeber, but there btc was 15-20K usd and market cap also was huge, and now its also like a year ago, i dont know when this falling ends and where is the bottom Big support level is around 0.024 BTC but some traders are predicting it could fall below $100. I don't think we will see this under$150 I hope soon this trend will be over and we will see good recovery in coming days it has good chance for it. |
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BattleField
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September 12, 2018, 10:24:20 AM |
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can anyone say is there any reason why ETH fall in price? I understand that ICO's cashing out but any more news? Any fails on code or etc? Would appreciate.
I think it is the ICO cashing out and the short selling of ETH as well. |
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jovan85
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September 12, 2018, 11:14:39 AM |
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This is a very bad situation. Price of Ethereum now $171.64.Any one know when price stop to drop?In few days can be 50$ or I am in wrong way.
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icosscam
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September 12, 2018, 11:40:28 AM |
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last BUY order that i have pending is 140$ Just checked notes, it is clearly written. Short ETH if pass 140$ Hit 140 means we can easy go to 100 The worst case scenario for ETH USD for a very long trade https://www.facebook.com/bitcointradingonline/ |
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cxihub
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September 12, 2018, 11:42:03 AM |
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alevlaslo
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September 12, 2018, 11:47:13 AM |
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Sale the first NFT of the first foto
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big_daddy
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September 12, 2018, 12:01:21 PM Merited by Daniel91 (1), raske (1) |
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the whole ethereum blockchain can "live" without ETH just think it for a minute  sell & run It's not true at all lol. Miners needs a reward to mine to new blocks and you always need gas to interact with smart contracts or send your ether. I didn't even think for a minute, I just needed a couple seconds Transactions need something that we refer to as Gas, and when Gas on the Ethereum network is bought with something other than Ether, it is called the economic abstraction, because that is what it still is - abstraction. Ether is NOT Needed on the Ethereum Network Here is the theory: for example, the most common, ERC-20 tokens, are using products of the Ethereum blockchain, and are a part of the same ecosystem. If the user is able to agree with the miner to pay for the transaction with any of countless ERC-20 tokens, they would be able to exclude Ether from the equation, which could have a seriously negative impact on the price of ETH Think out of the box for a minute and this could be a real scenario |
If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.
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Darooghe
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September 12, 2018, 12:36:43 PM |
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Any light desktop wallet for this coin?
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broadhurst
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September 12, 2018, 12:48:53 PM |
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Why ETH keep on dropping?
Why is the pope catholic? |
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Piston Honda
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Juicin' crypto
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September 12, 2018, 01:33:01 PM |
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Re: [ANN] Ethereum: Welcome to the End
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$ADK ~ watch & learn...
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JungleOnion
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September 12, 2018, 01:35:16 PM |
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I don't think you should omit the breaking point of BTC dominance in march 2017 (when the ETF got rejected) Because that's what set up the market.  You can see how BTC dominance broke the bear trendline of dominance in August. But alts haven't broke support so my believe is that: 1. BTC dominance falls because of alts correcting. Possibly BTC falls to 5,000. So alt correction wouldn't be due to dollar value correction, but to BTC value correction. |
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PureHeartLion
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September 12, 2018, 01:41:58 PM |
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yeap, bitcoin dominance now are 57.9% the biggest dominance level of btc this year last time it was so big on decemeber, but there btc was 15-20K usd and market cap also was huge, and now its also like a year ago, i dont know when this falling ends and where is the bottom Big support level is around 0.024 BTC but some traders are predicting it could fall below $100. I don't think we will see this under$150 I hope soon this trend will be over and we will see good recovery in coming days it has good chance for it. Let's hope so, this free falling of ETH is scary. |
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digitalblock
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September 12, 2018, 03:07:53 PM |
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Good afternoon. Too fast the coin does not drop to $ 50. The fall of the coin is due to the fact that people start to panic. I wish you every success. This is a very bad situation. Price of Ethereum now $171.64.Any one know when price stop to drop?In few days can be 50$ or I am in wrong way.
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