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Is Ethereum Primed For The Pump ?

bitcoinfloodPosted for Everyone to comment on, 5 years ago2 min read

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I have to say when I bought Ethereum for roughly $7 a pop I never though in my wildest dreams it would reach over $1,000 thats stupid crazy right!?

Well I did get greedy on a two front as I wanted it to be a 1 year investment so I had to pay much lower taxes on it however that ended up being to long and now Ethereum is less then $100 still a big jump from the $7 purchase price.

But it seems like Ethereum might have bottomed out and is being over sold at current price points. This is seen by the constant quick jumps back upwards to $90-$100 over the last few days.

Take note Ethereum still has a bunch of promise behind it and we are expecting many things come 2019 from the ethereum network.

However we do see a massive amount of shorts being setup against ethereum but we all know what happened to those that shorted bitcoin early this year then ended up losing their shirts and it honestly seems like we are setup to experience this again on ethereum this time.

Constantinople which is something we thought we would see in 2018 is now set to release on block 7080000 which would put us around a target of January 16th 2019 which paves the way to completely overhaul the system but make it even easier for others to start using it.

This could also spark the pump we have seen but overall we very well could be into a bigger sell in the coming weeks.

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