Ethereum

Ethereum Decline Likely to Continue

Even though the recent Ethereum issues are being addressed and will probably be a great learning experience for everyone else, the popular cryptocurrency is still declining in price.

 

I tweeted earlier today (@investor_crypto) that the current downward pressure on ETH is greater than the upward. Until we see it trading above the resistance point of around $330 we will most likely see a further decrease in price.

 


While ETH is still locked in strongly as the 2nd largest market cap behind Bitcoin (BTC), it has taken a large step backwards. Just a week ago it was within striking distance as it was only $7B behind BTC.

 

Look at where it stands now according to coinmarketcap.com

 

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With popular rivals such as Litecoin, Ripple, and Dash all announcing important new updates to their roadmaps, it wouldn’t be shocking to see it lose its #2 spot on this list.

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Again, it’s cryptocurrency and things can and do change FAST. While I’m still long on ETH I believe that with a little more patience we can pick it up at a lower price point.

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I have been married for over 15 years to my amazing wife from Venezuela who provides me with great support and laughs at my mediocre jokes. We have 2 wonderful children. One runs her own Youtube channel (brifilms2002) and the other is learning how to code video games. Although our little dog is still adjusting, we love our new beach life in Florida as that has always been our dream. Originally, I'm from Northeast Ohio and still follow my Browns, Cavs, Indians, and Buckeyes very closely. I enjoy investing in a variety of ways and am always looking to both teach and learn. Imagine if you would have been one of the first people to invest in Apple or Google when they were just a fraction of the cost that they are now? Well, that's how I see the world of cryptocurrencies and believe that it is only just beginning! Zechariah 4:10 Do not despise these small beginnings...

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