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RE: Boxmining Daily: Bear Market Blues, Chinese Mining Community Spotlight

in #ethereum7 years ago

The more the ETH price falls, the more momentum it will have when it rises again. There are many who are taking losses right now as they HODL who will be buying in more to lower their average cost and holding until being profitable again.. That means prices should shoot up so fast they they will go far past a stable high and we'll see another correction quickly after, but I'm expecting $450-500 peak and ~370-400 stable for a time.