EthereumLong
Ethereum SCALING in fragments
With Bitcoin ranging and taking a break a bit, Ethereum is slowly gaining pace. I think we will see Ethereum rise by about 100% by April to $3000-$3800 area.
I think then, we might see some significant pullback ($1800-$2300 area) before continuing upwards.
Reasons why I think this will happen:
Largest weekly close with breaking ATH.
Hard fork - moving from Proof of work to proof of stake, replacing miners with validators.
Massive outflow from exchanges to private wallets causing supply crunch.
Institutional interest in Ethereum and DeFi.
Prediction - ETHBTC ratio at least 0.1 in 2021.
Not a trading advice.
I think then, we might see some significant pullback ($1800-$2300 area) before continuing upwards.
Reasons why I think this will happen:
Largest weekly close with breaking ATH.
Hard fork - moving from Proof of work to proof of stake, replacing miners with validators.
Massive outflow from exchanges to private wallets causing supply crunch.
Institutional interest in Ethereum and DeFi.
Prediction - ETHBTC ratio at least 0.1 in 2021.
Not a trading advice.
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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.
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.