BEAR HINDERS THE CORRECTION OF ETH PRICE

[minhquang3869]

https://drive.google.com/open?id=1NPPPVz1H2OK6psVMB-EzszQzPjPPdWdl
After dropping to as low as $420, the Ethereum price has shot back up to nearly $470 and the bullish trend was halted by the upper trend line (as marked in the green line). Despite that quick climb, the Ethereum price is now maintaining below that strong resistance line. Moreover, the Cup and Handle pattern has been formed within the Ethereum price chart. It seems like the pattern has been completely shaped with the cup and handle. I expect that the Ethereum price will soon continue the prior downtrend to the key level of $396. Besides, the cryptocurrency price is moving in the 3rd Elliott Declining Wave, and the question is whether the chain of Elliott Decreasing Waves will stop.

[bonballi]

Ethereum is one of the most potential coins in the market. It has gained popularity in such a short time. Though recently it's price has dropped, but it is hoped that soon the price will rise back again.

[diguyo]

Great project, great future. Opportunity to buy more while the price is low. I fully expect ETH to bounce back this year.

[sufiasyl]

There is a prediction that the market will be better at the end of the year as stated and analyzed by some analytics. The market is indeed very bad now given that it is in a dip at the moment. But this increase in price is the indication that the market is going upward.

[3kpk3]

Good analysis op. I feel that Ethereum could drop even further since there is no major positive news to help the market rally like crazy and the prolonged bear market might persist for some more time before rallying again. I am expecting the market to revive sometime during August. All coins including Ethereum have been affected by this bear market which is why I suggest HODLING whatever coins and tokens you have in your portfolio since this is a bad time to sell.

[Osakrita]

ethereum doesn't seem to be doing great in relation to bitcoin.it is true that all token are affected  in relations to USD or tether value, but the dip for ETH is worse. It could be an opportunity  to buy for ETH and swap later when prices are better

[Osakrita]

Good analysis op. I feel that Ethereum could drop even further since there is no major positive news to help the market rally like crazy and the prolonged bear market might persist for some more time before rallying again. I am expecting the market to revive sometime during August. All coins including Ethereum have been affected by this bear market which is why I suggest HODLING whatever coins and tokens you have in your portfolio since this is a bad time to sell.

Big ICOs use to give a boost to the price of Ethereum in the past. It is hard to get such that's days in a bear that seem go worse by the day. It is good advise as you suggested not to sell our holdings at such a bad market

[cryptobae10]

I still believe the bear is a mere opportunity to buy the dip once again
And hopefully I’m right
Because correction of price will come itself when there is more demand and less supply of goods
So nonetheless, let’s buy the dip dipped dipper and hodl

[earnetheasy]

Actually this year is the very bad year for the market of crypto currency. From the beginning to now the market is facing a tough situation. There is a downward movement of the price of all the crypto currencies. Analysts forecast that the price will increase at the end of the year. This increase is the indication for that.