Analyst: Ethereum Sell-Off in August Shows Crypto Has Hit a Bottom in 2018

According to cryptocurrency analyst Eric Thies, the crypto market may have hit a bottom in September as the price of Ethereum (ETH) declined by more than 50 percent.

Since delving below the $180 mark, ETH has sincerecovered to $230, likely due to the demonstration of massively oversold conditions by the market in late September.

ETH Enabled ICO Bubble, Which Led to Crypto Bubble