Ether Price Prediction for June 8, 2016
Jun 8, 2016 --- (ARCHIVED) Free Reports
While bitcoin takes a consolidative pause below 600 $, Ether has been stabilizing in the 24 - 25 area and is now attempting to break higher. In addition to the emerging favorable technicals, we also got some positive fundamental news as Poloniex added ETH pairs to their trading platform.
This addition should encourage more liquidity to enter the market over the coming weeks, thus increasing validity and confidence in the market. Despite the fact that ETH remains negatively correlated to bitcoin for the time being, we are hopeful that this relationship can be broken once both markets reach new ATH's in US dollar terms (much like what happened with LTC back in 2013).