As we all know, everything is down right now including Ethereum and I was just curious as to when you guys think the bottom it will be? I know it hit 132 last night but I still feel like it might fall even further since I have a theory the closer to August we get the lower the prices will go. Additionally, prices seem to be at their highest during the beginning of the week and then pull back toward the end which would seem to fit, unless the market is truly recovering although as mentioned I don't see that happening until after August. Some people are speculating that Bitcoin could go to around 1600 and Ethereum could be around 100 or possibly less in the following week. Also, do you think we will we see the peak levels of close to 400 like before the crash when it finally does recover because I think many agree that it really had no business rising that high so quickly and a lot of it was fueled by FOMO and ICOs hype so I'm predicting it might stabilize around mid to low 200s.
In my opinion, it's always impossible to predict the exact bottom or top of any trending market.
However a bear market usually won't end until most participants are pessimistic. I don't think there's enough pain in the market yet among small investors. Hence I think there's a long way until the end of this correction.