Personally, I like what Ethereum has been doing. Decentralized apps have been making me very excited lately as I have begun to learn Solidarity.
Anyway, a look at ETHUSD on a Log Scale shows very impressive growth over a short time frame, some may even call it a bubble in price. I would like to argue that since we are currently down ~50% from lifetime high's, that perhaps the bounce at the 50% retrace would suggest that the recent drawback is only the first wave in the bubble cycle; namely this is the first sell off during the awareness phase. Logically, that would imply the next uptrend will be the "Mania Phase".
I could spend a long time writing my thoughts about Ethereum, but I am more interested in responding to your comments, please let me know how you feel about this recent sell off and Ethereum in general!
Anyway, a look at ETHUSD on a Log Scale shows very impressive growth over a short time frame, some may even call it a bubble in price. I would like to argue that since we are currently down ~50% from lifetime high's, that perhaps the bounce at the 50% retrace would suggest that the recent drawback is only the first wave in the bubble cycle; namely this is the first sell off during the awareness phase. Logically, that would imply the next uptrend will be the "Mania Phase".
I could spend a long time writing my thoughts about Ethereum, but I am more interested in responding to your comments, please let me know how you feel about this recent sell off and Ethereum in general!