EthereumLong
ETH aka the "Bitcoin Copy Cat" Will Go to $3k Within 40 Days
Ethereum is a Bitcoin copy cat and always has been. As Bitcoin is poised to make another bullish move, Ethereum is following in its footsteps, one move behind.
BTC tested its December 2017 all time high around 20k, dipped 11%, then rallied for the next 39 days to reach a new all time high of 42k.
ETH has just retested its Jan 2018 all time high of $1420, dipped ~12%, and will potentially rally 110% over its ATH, all the way to 3k. This will likely be accompanied by Bitcoin breaking upwards out of its bullish continuation pattern that its been consolidating in towards ~36k.
It is likely ETH's upwards movement to 3k will outpace BTC's trajectory towards 46k.
Coincidentally, both a 110% move over ETH's all time high would put the price exactly on the 2.618 fibonacci line, the EXACT same fiboncci level that Bitcoin's most recent move to
42K hit.
BTC tested its December 2017 all time high around 20k, dipped 11%, then rallied for the next 39 days to reach a new all time high of 42k.
ETH has just retested its Jan 2018 all time high of $1420, dipped ~12%, and will potentially rally 110% over its ATH, all the way to 3k. This will likely be accompanied by Bitcoin breaking upwards out of its bullish continuation pattern that its been consolidating in towards ~36k.
It is likely ETH's upwards movement to 3k will outpace BTC's trajectory towards 46k.
Coincidentally, both a 110% move over ETH's all time high would put the price exactly on the 2.618 fibonacci line, the EXACT same fiboncci level that Bitcoin's most recent move to
42K hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.