Ethereum Price Technical Analysis – Make it or Break it

[Blawpaw]

Ethereum Price Technical Analysis – Make it or Break it

Can it be broken?
The Ethereum price was seen struggling many times to break a crucial bearish trend line formed on the hourly chart. There were at least 6-7 attempts to clear the highlighted trend line, but every time buyers take the price higher, they fail to...

Read more:

http://www.newsbtc.com/2015/09/23/ethereum-price-technical-analysis-make-it-or-break-it/

[box0214]

Ethereum Price Technical Analysis – Make it or Break it

Can it be broken?
The Ethereum price was seen struggling many times to break a crucial bearish trend line formed on the hourly chart. There were at least 6-7 attempts to clear the highlighted trend line, but every time buyers take the price higher, they fail to...

Read more:

http://www.newsbtc.com/2015/09/23/ethereum-price-technical-analysis-make-it-or-break-it/

How much ether is mined in a day? Find that out then multiply it by the price and you get the exact total demand needed in USD a day in order to sustain the price. Lets assume all ether miners just dump once its mined.

[Hollowman338]

ETH market cap belongs around $1 million or so

[NorrisK]

ETH market cap belongs around $1 million or so

While I think ETH is currently way overpriced, I don't think 1 million is realistic. It has serious funding behind it and good development and marketing. It won't drop 20x below ICO price. If it does, I'll be on the front line to buy.

[Denker]

And Ethereum continues to go down as I expected. It will continue to go down back to former IPO price. Then we will see in which direction it will head to.