Bitcoin Forum

Ethereum continues to face bearish pressure as it fails to withhold USD and Bitcoin. Ethereum to USD trading pair can trade below $ 600.00 if anything does not improve. This week, the $ 610.00 resistance does not hold the price against the USD. There is currently significant resistance near $ 600.00.
What do you think?

Its pretty obvious, that the price didn't hold that long. The last significant value is around $650 but I didn't expect the price to plummet before $600 very quick. And I thought that it will bounce back around $600 3 days ago, unfortunately it didn't really hold and it might go to $500 levels for a long time before making any breakout run. Oh well, nothing much we can do but to hold on it and hope something will sway investors to flock the market again.

Ethereum for USD trading pair failed to break the resistance $ 610.00 and $ 615.00 move even lower towards $ 570.00. As if that was not bad enough, the Ether to Bitcoin pair could not hold above 0.0800BTC and fall into the downward wave. The trade graph shows that the ETH / BTC pair formed a three wave correction pattern and is currently in the third wave.

A crap project is hard shorting ethereum right now and look at this news https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
This is not a correction but it can be considered as a manipulation price.
After the vulnerability of EOS has detected and it has been getting dumped and the hype end.
This time all about manipulation, remember EOS team tries to reach ethereum as much as possible to manipulating the market. This is fact

yes. I hope this will not last long. hopefully, there will be big investors who will re-raise the price ethereum