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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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11006262 No.11006262 [Reply] [Original]

>AHHHHHHHHHHHHHHHHH

>> No.11006416
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11006416

>>11006262
Why Ether is falling price right now is for two overall factors.

1. Bitcoin/USD falling, and most else following.

2. There are concerns that Ether may not be the only thing used on the Ethereum network when paying for things like Gas. Essentially, it's concerns over Ether not being the predominant thing in use (maybe some other erc20 token?), perhaps even for Staking, when that eventually comes along.

I highly recommend Ivan's video: https://www.youtube.com/watch?v=6lOSjuYazXE

He goes through the article which explains all of this in more detail.

Technical perspective:

Below 200SMA on the 4hr. Never a good sign. You can try your luck picking a Bottom, and who knows, maybe you might get lucky.