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 Ethereum
The peak of the bitcoin was followed by the peak of various other
crypto-currencies particularly Ethereum which showed a rise to maximum
position in January 2018. This may be attributed to the hype created by
Bitcoin at that time. More interesting is the fact that Ethereum doubled even
after the fall of bitcoin. Such a movement was new for the Ethereum
however; bitcoin has seen this up and down many times.
Three downside pushes are evident from the Ethereum’s pullback
structure. The Ethereum put an end to this move prior to reaching the third

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downside target. This was done through the resistance trend line’s breakout
shown by an upward arrow.
The breakout lead to an upwards move towards the peak of the channel
due to the swing lows developed in the pullback process.
It resulted in a situation where second swing held more importance.
Currently, Ethereum is being traded at this zone (as at end of May 2018). In
case of maintenance of this level, we can expect an upward move towards
the start of the pullback as per the indication of the three pushes down
pattern. The highest-ever level of Ethereum is the start of pullback. The
potential situation of the bitcoin is different from this situation of Ethereum.
However, this is not that simple. The daily charts still reveal a
downtrend with a strong resistance being shown by the down channel top.
Ethereum will not move upwards and will be kept low as long as the
channel top is not cleared. The channel top will cause the Ethereum to
break the record of the lowest level made in May 2018. Keeping the
channel midpoint as the main target, even lower prices are expected.
Currently (as of end of May 2018), the mid-channel level is almost 300.
Crypto-Currency is Not Money
In my opinion I must clarify the fact that crypto-currencies would not be
able to rule the world in their current position as claimed by their
promoters. They are not a valuable source or a monetary form. Although
the concept of the significance of the crypto-currency for restoring trust was
reasonable, it could not yield the desired results because of technological
issues and issues in practical execution. However, no significant harm was
caused to the assets.
The longing to make money from technological advancements led to the
emergence of various ideas. In particular, the advent of crypto-currencies is

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expected to bring revolutions in the future transactions. It is expected that
the crypto-currency concept will bring about technological advancements
causing massive revolutions in all aspects.
It is not easy to determine the crypto-currency that can endure the
current bearish market trends. Even if one determines the right kind of
crypto-currency, it is expected to lose its significance with the technological
advancements in the similar manner in which the advent of Facebook
rendered the previous social media platforms as obsolete.
Trading in crypto-currencies must involve a lot of caution on part of the
trader since it is a hazardous play. It is better to understand the risky nature
of crypto-currencies so that you don’t put the amount you cannot afford to
lose for betting. This statement is right for all types of trades. There is no
emphasis on the management of risk to be the only factor of concern for the
survival of a trader in this market.

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R