If we compare ETH/USD and look to ETH/BTC for similarities, I feel we can gain some guidance as to what will happen. We can see that ETH/BTC is almost at levels when Ether was first started. Now that Ether is established, I feel ETH would be hard pressed to move down much further from here. Of course, this isn't to say that it won't happen, just that it appears the bottom is near. With Bakkt and especially Constantinople coming up, I feel there is plenty of reason for the bottom is close at hand. Both of these pairs have been following their major movements closely.
The majority of my hodl positions are currently in ETH. We'll see what December brings with some more activity.
Happy Hodling,
-Sherem
The majority of my hodl positions are currently in ETH. We'll see what December brings with some more activity.
Happy Hodling,
-Sherem