Krupneyshiy Aldon ether (ETH) was able to find the bottom, and now we will have to wait for the imminent resumption of its rally. So says the trader, who presented on Twitter under the name Bitcoin Jack.
According to the expert, now the ether is at a level that can be considered as an update of the fundamental value of the coin.
Wednesday, October 16, ETH is trading around $175, market capitalization Aldona decreased to $18,874 billion.
Bitcoin Jack predicts that in about five days live konsolidiruyutsya. After that we will have to wait for the resumption of the upward dynamic movements of the coin.
A trader is optimistic and thinks that by December this year, the air could be closer to $400 or even to break this mark. On the conquered positions Aldon may not stop and keep expansion, which will lead to taking even greater heights.
We will remind, in January 2018 ETH reached $1400, but then the coin began to lose ground amid a General decline in the cryptocurrency market. This year Aldon could exceed $340 in June, after which the rollback was resumed and led to its drop below $200.