A new analysis from Binance exchange stated that, "cryptocurrency prices could have already hit their lowest point". This analysis was even agreed upon by Mr. Thomas Lee, senior market analyst and co-founder of Fundstrat Global Advisors adding that, "no further downside would occur". [https://cointelegraph.com/news/cryptocurrency-price-trends-could-signal-end-of-bear-market-says-binance-research]
As of this writing, a splendid $172.73 price tag jiggles alongside Ethereum. And for this past whole week, its price never went below the $160 level mark. It seems that we're experiencing a slow but steadily rising trend due to a more participation from people in the blockchain space.
Nonetheless, we should never let our guards down, as more crypto analysts pointed out that the market is likely to witness a few corrections in the coming days. But personally, i think markets will not slide back to new lows simply because i'm feeling that those institutional investors were already back.