Crypto-ocean is stormy and sometimes storms last for many year as it is the case for Ethereum and Bitcoin.
Normally a coin makes an All-Time-High (ATH0) then corrects to the previous ATH (ATH-1), a.s.o.
Hier is an example for such an healthy correction:
This is not happened yet for ETH and also not for BTC. At its deepest point Ethereum lost 94% of its value to 80€. But this is not enough to be a healthy correction.
That's why I am expecting ETH to correct 22 USD, and BTC to 1163 USD.
I don't expect a new ATH for BTC and ETH and the correction will probably not end before this happens.
A whip is not a correction. A correction at the lowside should continue at leas a week so people can collect.
Normally a coin makes an All-Time-High (ATH0) then corrects to the previous ATH (ATH-1), a.s.o.
Hier is an example for such an healthy correction:
This is not happened yet for ETH and also not for BTC. At its deepest point Ethereum lost 94% of its value to 80€. But this is not enough to be a healthy correction.
That's why I am expecting ETH to correct 22 USD, and BTC to 1163 USD.
I don't expect a new ATH for BTC and ETH and the correction will probably not end before this happens.
A whip is not a correction. A correction at the lowside should continue at leas a week so people can collect.