We all know something big is happening in the crypto world today but I'm not sure what to think about pretty much everything being in red while ETH is booming.
On coinmarketcap only 6 out of the top 50 currencies are in the green. And they are small gains, except for bitshares and next; and of course ETH which exploded today. Seeing all that red, makes me think people are selling their positions to get into ethereum, pushing it really high, it did hit $420 earlier today for a few minutes.
Now, the most interesting thing about all the movements is that thether spiked today(as much as tether can spike anyway), which makes me think some wales got out of ETH at 400+, the little guys selling their holdings for eth are propping up the price now, the volume dropped as well so I think we might be seeing a crash/correction/call it whatever.
This is of course just a guess, I haven't gotten rid of my ETH and I'm not particularly worried as it's a long hold anyway, but I might regret not selling at the peak we saw earlier and getting in back after the crash my spidey sense are warning me about.
Heh, anyway, these are my 2 cents.