Ethereum Price Prediction and Analysis For August 16th – ETH Declining, Crypto Community Expecting Growth

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The second cryptocurrency in terms of capitalization, the Ethereum, continues a declining correction. The test of the important support level of $165 is close; if it happens, the buyers will have to demonstrate a bounce in order to prevent further decline. It is possible that the ETH is falling in connection with a strong correction of the Bitcoin. All altcoins, in general, remain under pressure, and some say that the times of the bullish rally are nearly over. However, on August 10th, 2019 Nick Patel carried out a poll on his Twitter account,

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