Ethereum News Update
The first quarter of 2018 was historically bad for ETH prices, according to a recent CoinDesk report, but there’s a silver lining embedded in the data: namely, that ETH recovered from these types of slumps in the past.
For instance, Ethereum prices lost 40% in the fourth quarter of 2016. While that’s not as bad as the 48% it lost this past quarter, it’s still pretty significant. Investor sentiment was at rock-bottom levels. But then, ETH prices skyrocketed 527% over the next three months.
There’s an important lesson here.
Not all quarters will have triple-digit rallies. We should expect months of backsliding or sideways trading as.
The post Ethereum Price Forecast: ETH Q1 Review Shows Odd Silver Lining appeared first on Profit Confidential.
Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-eth-q1-review-shows-odd-silver-lining/ April 6, 2018 Gaurav S. Iyer, IFC