Ethereum

ETH showing investor interest and resilient recovery

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Today some things happened that were a bit not expected however now that we see what is going on we may have an idea where this Cryptosphere is going from here. It appears that today's notable price pullback in BTC was a result of many investors leaving BTC and rushing into ETH thus loading up the blockchain systems and overloading market computations and generating a defacto halt in trading as a result for about 2 to 3 hours. Had this not happened it may have been even possible that BTC would have dropped another $400 or even more and the downside threat for BTC still remains a possibility given the current market changes as investors now seem to be moving rapidly into ETH for the next large wave of investment opportunity. A large exodus from BTC will obviously keep the price of BTC suppressed for some time now and even if it should return to the upside it will do so at a much slower rate of ascent compared to ETH.

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