The Rise and Fall of Ethereum OVERNIGHT

So everyone is asking why did ETH actually go up so high

Just to drop just as fast

Well its quite simple...

Etherium went to over $420 USD just today

As soon as others started pouring in money EVERYONE else followed.

So what drover the price?

3 simple letters

ICO's

Today Bancor's ICO raised around $144M in less than 3 hours

AMAZING and quite crazy if you ask me

But...

That is the exact reason why ETH's price drove so high.

There was $144M that had to be converted from BTC to ETH just before the launch.

So when $144M BTC started dropping like crazy

And when BTC was dropping the money went into a pool for ETH

And now that money will stay a bit stable for the next few weeks as Bancor is so new that it won't be traded as quickly as other coins in the marketplace.

So...

From what I am getting on this is...

When there is a new ICO right now and its on the ETH platform than BUY BUY BUY just before the launch.

$144 million in USD that was needed to get into ETH drove the price of Ethereum in just a few hours.

How did I do?

Well I purchased around 50 ETH and I purchased at around $130 earlier in the day. Price went to around $400 and is pretty stable there. That is a HUGE win for me and lots of others.

Are you trading yet?

If not you should start NOW!

First thing is go to Coinbase.com