Ethereum and its short term future!

Right now many people are thinking whats going to happen with ethereum!

well I tell you all its nothing to worry about in long term run as its the second biggest crypto currency out there and its being backed by many investors and specially serious ones like Intel and Microsoft.

Not everything keeps going up and up it will need to have its corrections as well!

Its sad to see Ethereum network messed up the recent ICO for Status and brought disappointment for many investors but clearly this is something that will make developers to work even harder on the network and make it stronger! if you ask me next year same time how much ethereum would be i can easily say it wont be anything less than $1000 per ether so if you are a long term investor dont worry even a bit.

For short term im going to give you some ideas which they can be 90% accurate!

Ethereum has a massive network failure. even i sent 10ethers from my poloniex account to MyEtherWallet account and transaction has just disappeared from the network and it doesnt exist! it showed up only for 10min and then the result is this transaction doesnt exist! it didnt come back to my original wallet nor arrived at its destination. I have no clue if i lost 10ethers but i hope poloniex will get this fixed soon for me, even i know they dont have a good support at all!

for short term due to all these issues ethereum is just holding back for a while. there is a huge support for ethereum tokens at $280 level and there is a huge resistance for its sale at $350-310.
the blue arrow is most likely whats we are going to see for the next 20days. ethereum will have its corrections and sales during this time and then it can be ready for the next move hopefully.

please feel free to ask any questions.

James S