1. General demand down due to security issues & negative sentiment
2. Hardfork / softfork debate - always a risk with forking
3. over 18 million Ethereum refund being made to disappointed / angry ICO investors
4. BTC holding well has support at current price, halving occurred
As the chart indicates is the minimum i expect but this could get really worst if Panic selling becomes FOMO selling with all refunds trying to cash out at the same time...
Target short - 0.012 - 0.01
will be shorting the top again,. harfork & refund getting closer..
You put yourself in an even weaker position than the millions of $ who entered short before you https://bfxdata.com/swaphistory/eth
The amount of ETH collected in the crowdsale was 11.x million.
Few people may dump ETH after the refund, when they could see the USD price double in the meantime and only go down to their entry level because of theDAO bug,
but not yet below (depending if exact entry price between april 30 and may 28)