As I write, ETH is priced at $244.20 on coinmarketcap.
I'm making a prediction that the price will fall over the coming week.
My reasoning is:
- the EOS ICO is already cashing out the ETH from their ICO (via bittrex) which creates an ongoing downward pressure on the price
- the Tezos ICO will finish on the 12th, shortly after they may also start selling. This is potentially hundreds of millions of dollars worth of ETH
As soon as the market begins to anticipate this it will get spooked and even exaggerate the effects.
I bought some ETH last week but am now holding off buying more to see what happens over the next couple of weeks.
This is not investment advice, just me as a novice making a testable prediction on the blockchain.