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Ethereum: $580 Short

Short
BITFINEX:ETHUSD   Ethereum
Ethereum is expected to go towards a $580 short. Although bets have been towards a negative correlation, a small resistance breakout is imminent for Ethereum given how the market correlations have been. The continued trend of positive than negative spreads for waves seem like a small breakout could happen. However, investing in Ethereum is still considered a medium risk investment strategy. Overall, the rise of DAPPS and airdrops is expected given we just seen the rise of ICOs, as well as the SEC crackdowns regarding ICO investment schemes.

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