Is ETH headed up or down short-term?

[bitcoinrocks]

Long-term price movement aside, what is ETH likely to do in the short-term and why?

I see the introduction of ETH to Chinese exchanges as a potential factor for positive price movement and mining (~50k ETH mined per day) and the release of a GUI wallet (making it easier for people to dump their presale buys) as factors for negative price movement.  But what does this add up to?

[devilfischer]

If whales start grasping CLI then I wouldn't hang around too long - https://www.reddit.com/r/ethtrader/comments/3glk4u/eth_buying_spree/
,
I think the way it worked out with the 24 hour transaction delays to exchanges and initial 10x ICO prices, forced all early dumpers to be outed. Now we must be close to 5 mil ETH already having changed hands since trading began and I don't think the rest ICO investors are interested in current 2.5x returns if they didn't ship to exchanges earlier. Weak hands and profit takers getting bought out fast and the biggest accounts sitting still.

[stoat]

Strong buy

[NorrisK]

If whales start grasping CLI then I wouldn't hang around too long - https://www.reddit.com/r/ethtrader/comments/3glk4u/eth_buying_spree/
,
I think the way it worked out with the 24 hour transaction delays to exchanges and initial 10x ICO prices, forced all early dumpers to be outed. Now we must be close to 5 mil ETH already having changed hands since trading began and I don't think the rest ICO investors are interested in current 2.5x returns if they didn't ship to exchanges earlier. Weak hands and profit takers getting bought out fast and the biggest accounts sitting still.

5 mil having changed hands as in 5 mil NEW coins or 5 mil circulating coins? Could be just a couple thousand passing from hand to hand otherwise?

I wouldn't buy now, never buy the hype..

[stoat]

If whales start grasping CLI then I wouldn't hang around too long - https://www.reddit.com/r/ethtrader/comments/3glk4u/eth_buying_spree/
,
I think the way it worked out with the 24 hour transaction delays to exchanges and initial 10x ICO prices, forced all early dumpers to be outed. Now we must be close to 5 mil ETH already having changed hands since trading began and I don't think the rest ICO investors are interested in current 2.5x returns if they didn't ship to exchanges earlier. Weak hands and profit takers getting bought out fast and the biggest accounts sitting still.

5 mil having changed hands as in 5 mil NEW coins or 5 mil circulating coins? Could be just a couple thousand passing from hand to hand otherwise?

I wouldn't buy now, never buy the hype..

What hype? It's mostly people like you slagging it off and a small number of people like me telling you to BUY before it's too late!!!

[NorrisK]

If whales start grasping CLI then I wouldn't hang around too long - https://www.reddit.com/r/ethtrader/comments/3glk4u/eth_buying_spree/
,
I think the way it worked out with the 24 hour transaction delays to exchanges and initial 10x ICO prices, forced all early dumpers to be outed. Now we must be close to 5 mil ETH already having changed hands since trading began and I don't think the rest ICO investors are interested in current 2.5x returns if they didn't ship to exchanges earlier. Weak hands and profit takers getting bought out fast and the biggest accounts sitting still.

5 mil having changed hands as in 5 mil NEW coins or 5 mil circulating coins? Could be just a couple thousand passing from hand to hand otherwise?

I wouldn't buy now, never buy the hype..

What hype? It's mostly people like you slagging it off and a small number of people like me telling you to BUY before it's too late!!!

It follows the same path as all stuff that is hyped to the moon.. It ends of in a sliding scale with everybody buying in at the beginning holding some large bags.. This is just on a grander scale...

[stoat]

If whales start grasping CLI then I wouldn't hang around too long - https://www.reddit.com/r/ethtrader/comments/3glk4u/eth_buying_spree/
,
I think the way it worked out with the 24 hour transaction delays to exchanges and initial 10x ICO prices, forced all early dumpers to be outed. Now we must be close to 5 mil ETH already having changed hands since trading began and I don't think the rest ICO investors are interested in current 2.5x returns if they didn't ship to exchanges earlier. Weak hands and profit takers getting bought out fast and the biggest accounts sitting still.

5 mil having changed hands as in 5 mil NEW coins or 5 mil circulating coins? Could be just a couple thousand passing from hand to hand otherwise?

I wouldn't buy now, never buy the hype..

What hype? It's mostly people like you slagging it off and a small number of people like me telling you to BUY before it's too late!!!

It follows the same path as all stuff that is hyped to the moon.. It ends of in a sliding scale with everybody buying in at the beginning holding some large bags.. This is just on a grander scale...

Just like Bitcoin right? The Bitcoin pyramid scheme. You're as bad as the anti Bitcoin trolls I own on a regular daily basis outside this forum.

If you think ethereum is a pump and dump I urge you to READ MORE

[s1gs3gv]

ETH haters are mad they missed the ICO and are trying to FUD the coin price down.