ETH will 100% see a big correction. This cannot continue..

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
This 90degree price rise isnt really healthy, is it? Do you ETH bag holders think it will go on forever like this? Be smart and take profit to buy back when the big correction comes sooner or later..
Well ETH sure takes its time..
ETH price shoots up because ICO's lock ETH up. What happens when ICO's start paying bills and cashout all those ETH? Is it obvious ETH will go down?
This is really insane.....waiting for a correction :)
It already corrected down to $130 and it took off again. No ETH holder would sell ANY coin below $150 at this point (yea I made up this value). ETH holders are long to Jupiter or die.
Make sure you turn on log scale on your chart. Doesn't look so crazy then.
Same was said of BTC April 2013 @ around 215...
Lacks substance. MSM and Corporate money are behind ETH. By showing this daily chart are you implying there will be a retrace down to the teens? For a retrace below 100, we will need to see an event to happen like the DAO hack.
+1 Reply
Alcor_ youngelderberry
@youngelderberry, there are many things that can cause the price of ETH to crash. For Bitcoin in 2013 it didn't take more than a simple DDoS attack on MtGox to make the price drop from 260 to 50. This time it won't be different, the price can't just go parabolic from $8 to $235 in 3 months and then stay there without going through a serious corrective phase. We will see double digits again soon for ETH.
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