30,000 ETH Will Be Sold By Miners

[RowanS]

Ethereum (ETH) has been the target of massive selling pressures faced by Bitcoin and other large Altcoins over the past few days, with a broad market downturn that has caused many analysts to turn around in the market.

ETH will experience some further downside, which could be further perpetuated by miners currently in the process of dismantling their ownership, potentially putting significant pressure on cryptocurrency.
 
In the near term, it is likely that the aggregate crypto market will experience further losses as Bitcoin continues to trade sideways below the key Support at $8,700.

While keeping in mind that Ethereum appears to be technically and fundamentally weak, it seems as though it might experience further short-term losses before being able to gather significant upward momentum. Let's wait and see.

[Istiak]

Not only ETH the whole crypto market is suffering from a BTC downtrend. Hope BTC will show another bull run this year. BTC is having a very hard time to cross 10k. But if falls under 8k then I think we will saw another bear market this year and that will be very bad news for investors.

[RowanS]

Not only ETH the whole crypto market is suffering from a BTC downtrend. Hope BTC will show another bull run this year. BTC is having a very hard time to cross 10k. But if falls under 8k then I think we will saw another bear market this year and that will be very bad news for investors.

Regarding the problem of the falling Bitcoin price, I think it is the resistance of the price issue in the market for the future before halving occurs. And this is indeed necessary. If it's not possible it will even be a more fatal decline later.

[masterrex]

Ethereum was a versatile coin, as long as the smart contract was still used I'm sure Eth will recover, the market today is so unpredictable thats why many crypto players are thinking sideways as precautionary measures aside from the Bitcoin price slides many reasons should be considered before making any conclusions.

[Uina]

I really feel bad for altcoins these days especially ETH. It took for ETH a month or two to reach its highest point this year but it went down in a blink of an eye. I don't really want to see it hit the bottom of $150 again in the next few weeks, that would be sad.

If those dumping by miners are really the reason why ETH has been experiencing a bear run, hope they stop it now and just dump their coins gradually later.

[Paha87]

The market is not behaving correctly in relation to traders)) the Fall will be long and unpleasant.

[Master107]

The market is not behaving correctly in relation to traders)) the Fall will be long and unpleasant.

Target to bulls eye bullrun is not yet clear, what is clear now is good to buy your potential altcoins choices as long as the coins is alive and fighting to survive the downtrend.