Remaining support levels are around $330 and the floor is $305. I'm expecting the price to go back to normal and bounce between $350 and $380 within a day or two (These were also the levels we saw ETH bounce between before this dip).
Prices taken from Kraken with a 2H timescale.
>>2450942
A lot of speculation with ETH. We just don't know.
>>2450962
We didn't receive any bad news. There were no faults detected in the ETH network/software or any hacks.
Since there are no outside factors, I can safely assume the "dip" will recover shortly. Reminder that this type of dip has happened a few times throughout the month, every time /biz/ said it was the end of crypto and ETH, and every time it recovered.
This bubble isn't going to pop just yet
>>2451016
Actually there was a few bad news the past week...
1. Vitalik's lawyer told him to write these posts on twitter: "1. This is me socially precommitting that I will not be an advisor for future ICO projects." 1/6 after people reported Vitalik & Ethereum to the SEC (U.s. Securities and Exchange Commission).
2. The Lead Researcher on the Ethereum Team did a interview with Bitcoin Uncensored basically shitting on Ethereum for being unsafe, unreliable, and not ready for expansion or for use as a blockchain.
It has bottomed up. On Kraken the last big drop barely made the price budge at all.
>>2451288
Link of the interview ?
>>2451016
THE SKY IS FALLING
(Maybe some one is short selling)
>>2451358
https://www.youtube.com/watch?v=bj_Qpvx-GPM&list=PLqwJ8pFu44ZDkXbOSlFzP-HEsN51W5vi9
>>2450942
Support will be removed. Bancor is trying to offload their ETH as fast as possible. The floors are artificial to help them get it out at higher prices. If it looks like the floors might actually execute, they'll be pulled faster than an old niggers dick.
>>2451615
>Bancor is trying to offload their ETH as fast as possible
[citation needed]
>>2451615
Is bancor even that large of a whale?