Large-volume speculation has become the reason for Ethereum’s price fall of more than 50 percent. Is the price going to fall again?
USDT/ETH
Profitable situation for the bears
The fact that more than 80 companies have joined the Enterprise Ethereum Alliance (EEA) is definitely good news for the Ethereum community. Many understand this and expect a consequent reaction in the price. But news cannot be a decisive factor in trends. That is exactly because the current situation is profitable for the people looking to take their profits. The large volume of buy deals at the peak of the trend is a great opportunity for big sell deals.