Likening Ethereum's rise to that of a tech start up: we see heavy interest from investors with tons of good news and updates to the platform pushing eth to all time high >>> investors become aware of scaling issues with ethereum and bitcoin hard fork drives fear and speculation so the dump from all time highs begins >>> bitcoin regains strength and pushes for and breaks all time highs as does litecoin, ethereum follows suit but does not establish a new all time high (wick not candle close) >>> investors are now wary of a new hard fork and lack of timeframe on proof of stake for ethereum.
Possible weekly scenarios:
Eth forms weekly equilibrium/tightening pattern until progress on PoS
Eth bounces (soon) and breaks all time high to follow suit with bitcoin
Possible weekly scenarios:
Eth forms weekly equilibrium/tightening pattern until progress on PoS
Eth bounces (soon) and breaks all time high to follow suit with bitcoin
How long will she coil til she breaks?