It seems that crypto over sold itself in early June with alot of Alt currencies, some well known and some not so well known being brought to extreme all time highs. With the emotional high that this brings to investors and traders you can expect that the recent correction or "crash" for newbies has an equal or greater emotional low.
I have a sneaking suspicion that with the recent news of Ethereums main developer mis reported death in a car crash and market flash crash to follow on the somewhat respectable exchange coinbase, we may have a upward swing in the works, especially for Ethereum. P.S. Vitalik is ok.
The main reason I feel that this is about to happen is that with the flash crash of coinbase there were some mystery characters that had Ethereum orders for $.10, yep you heard it right ten cents for a currency currently worth $250 dollars. They got them filled too.
It would not surprise me to see some upward market manipulation to reward these characters even higher yields from their tomfoolery.
If this happens Hats off to you bag holders and fearless traders who did not fall for the stop-limit order trick. Oldest one in the book.
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From @bobwillow