Dont you think that this is way too much growth for a 40day period?
cryptobitdaily
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@Acel, not for etheruem. People use it to buy other coins. look at coinmarketcap majority of coins which are up built on top of ethereum. Plus there is talk of Ethereum going proof of stake and implementing zero knowledge.
Acel
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@JamesNiro, yeah i know about all that... Top 2 pair is ETH/BTC followed by almost equally % by the next 3 -being ETH/USD. I know about their 2018 roadmap and how they are gonna issue the scalability, also multiple ICOS or projects using Etherium tokens but still... its 250% more than it was 30 days ago, this is too much for someone being at the 2nd place... Definately overvalued, for the time being, in my opinion.
Acel
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@JamesNiro, looks like its hitting a wall.. for now :)
cryptobitdaily
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@Acel, a lot of money coming into Ethereum. I think Ether is headed for the first place
Acel
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@JamesNiro, it looks like its finding support on 1fib. i think it would get lower and back to the trend line and test it again during the next week.
Acel
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or this weekend.
cryptobitdaily
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@Acel, taking a break for now. Ya we should see 0.1 btc soon
Acel
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@JamesNiro, Dont take this the wrong way. I like your ideas, but i think they are a little biased or emotional. Ethereum definately deserves to be at that price point, but it got it kinda early. IMO its overextended for no, so i expect it to drop around 0.07777 sats and test the yellow line soon. Its price is ok, but remember that this is ETH/BTC. So even if the price wont drop much, i expect BTC to make a move soon.
Acel
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Also ETH/USD is still in its trend as of the new year but it has an interested RSI divergence, take a look.