- Ethereum was holding up so well last week when BTC made a break of new lows but too much sell pressure in the market caused it to cave
- ETH broke to new lows this morning and seems to have some type of support at the midline of this support OB
- Over the weekend, news surfaced that the SEC will be forcing all fraudulent ICO to refund all investor in FIAT! This means they would need to sell their ETH reserves to raise the cash to do so
- This would obviously put a lot of sell pressure of ether and potentially see prices crash to sub-$100
- We could very well bounce here before a continued move lower
Thanks guys!