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A Likely Intense Price Decline For Ethereum Could Be On The Horizon If Bitcoin Hits A 50% Correction
Bitcoin has been on a correction wave in the last 48 hours after staying at the $8k level for weeks. So far, the price has crashed just below that price level and analysts say it could go as low as $6,000. As usual, nearly all the cryptocurrencies are on a correction together with BTC. It seems though, that Ethereum will feel the heat more than other altcoins. According to a market pundit known on twitter as dave the wave, Ethereum could retrace even further to 61% if the BTC decline continues. He adds that Ethereum may be approaching $144 as a bottom in this correction, should BTC actually reach 50% correction. He, ... (full story)