Here are the ETH price charts on 1d, 3d and 1w bars.

ETH 1d chart

ETH 3d chart

and ETH 1w chart

What you see here is that no matter how you look at it, if you bought at or below the trend lines, you are likely profitable at this point. 

That is a bold and true claim on a day after ETH just dropped a 'whopping' 46.67% from its all time high recently!

Falling ETH Price and ICOs:

If you plan to buy the upcoming ICOs with the ETH you have been holding or the new ETH you need to buy to participate, it doesn't matter too much as the offering price of the ICO is likely being adjusted to reflect the most recent median ETH trading prices. 

However, if you are the issuer of an ICO - something we are undertaking right now - it would be a good idea to consider your timing to avoid the days when ETH prices are at their run-away highs, which happen regularly. The recent ICO issuers when ETH was trading above $400 are wishing they have delayed their ICOs untill now. 

Well, that's one more thing to be worried about as an entrepreneur. 

BTC:

 

Nothing really new to say. Please check previous posts.

ETH:

Why is ETH dropping? Fake news about Vitalik's death? Network congestion? Coinbase glitches? 

Who cares!

Just look at the charts. They went up, a little ahead of its time, now it's time to get back to a 'reasonable' price (oversimplified by the trend line here). That's it! 

The reasons for the falling price could be all of the above, plus a million other little ones. Being able to explain a stock or a token's daily movements is not required to get rich by trading, or investing.

Buy some ETH now at this current price when its dancing around the trend line. What if it keeps going lower? It can, and you can always buy more by then. 

*Disclaimer: This is not an investment advice service. All specific suggestions are for information purpose only!*

XRP:

Again, nothing to add, nothing new. Showing here because BTC, ETH and XRP are the three largest tokens by market cap currently. 

 

Previous Post In This Series:

Cryptocurrencies Are Charging Back Again, And Now You Don't Hear The Naysayers! BTC, ETH And XRP Price Action Updates & Ongoing Thoughts (#9)

Stop Panicking! BTC, ETH and XRP Price Action Updates & Ongoing Thoughts (#8)

BTC (All-time High), ETH (All-time High) and XRP Price Action Updates & Ongoing Thoughts (#7)

Ethereum Will NOT Fail and BTC, ETH and XRP Price Action Updates & Ongoing Thoughts (#6)

Bitcoin (BTC), ETH and XRP Price Action Updates And Ongoing Thoughts (#5)

Bitcoin and ETH Price Action Updates And Ongoing Thoughts (#4)

Bitcoin and ETH Price Action Updates And Ongoing Thoughts (#3)

Hope Bitcoin Price to Drop More... (#2)

10 Months ago, When Bitcoin Was About $665, I turned bullish. (#1)

bitcoin goes to US$50,000 - 1,000,000 in 10 to 20 years! (#0) 

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