ETH/BTC - Technical Analysis

in cryptocurrency •  8 years ago  (edited)

The market is looking very bearish in regards to ETH/BTC, Due to the large amount of money the ICO's need to unload, i predict were looking at a sustained market dip similar to the GOX Scam.. also, ETH has grown so much in the past 6 months, it is possible that this is a market correction for the hype dying down.

Any thoughts on the subject?

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There are a few ICOs coming up which I think will cause another run on ETH. I have yet to understand how these tokens run on ether. Will they need a continued supply of ETH or just the original funding from the ICO. If it the first ETH will be very sought after in 12 months.