ETH/USD Price Forcast
Technical:
ETH/USD has already passed ATH (1440),retested the level and been holding above it on weekly and daily charts, which can be good news for longers! As the next stop is not really at this stage because of the price being at ATH, I tried to be creative, not using NUPL indicators.
Fundamental:
Although a lot of altcoins have been trying to adopt Ethereum blockchain business model to provide a blockchain for Dapps, but amount of the active users plays an important role to attract investors and Dapp builders. So does the third party vendors, providing compatible plugins and platforms. These two factors could make ETH a better choice. On the other hand, ETHERUEM is actively working on upgrades to make it faster and cheaper.
Inflation:
There is no doubt that USDollar is getting weaker and weaker. This could mean a rise in price of all assets including ETH.
Concerns:
With the rise of cryptocurrency market, new regulations are being placed almost every week. The "bubble" has already been shaped.
Arguments:
The bubble can get much bigger and not even blast due to recent global events!
The bubble has always been there for decades.
My Opinion:
Based on above, I maintain a bullish strategy on ETH/USD.
ETH/USD has already passed ATH (1440),retested the level and been holding above it on weekly and daily charts, which can be good news for longers! As the next stop is not really at this stage because of the price being at ATH, I tried to be creative, not using NUPL indicators.
Fundamental:
Although a lot of altcoins have been trying to adopt Ethereum blockchain business model to provide a blockchain for Dapps, but amount of the active users plays an important role to attract investors and Dapp builders. So does the third party vendors, providing compatible plugins and platforms. These two factors could make ETH a better choice. On the other hand, ETHERUEM is actively working on upgrades to make it faster and cheaper.
Inflation:
There is no doubt that USDollar is getting weaker and weaker. This could mean a rise in price of all assets including ETH.
Concerns:
With the rise of cryptocurrency market, new regulations are being placed almost every week. The "bubble" has already been shaped.
Arguments:
The bubble can get much bigger and not even blast due to recent global events!
The bubble has always been there for decades.
My Opinion:
Based on above, I maintain a bullish strategy on ETH/USD.
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