Ethereum middle-long term view, (bullish scenario)
It’s time for ETHEREUM and his token ETH. Definitely THE MAJOR PLAYER of this game, almost as the same level of trust as BITCOIN.
Still assuming we are in a bull market, (Same scenarios as in my previous ideas), we could consider 3 500 $ as the local bottom. If we finally break this level, the last chance could be 2 800 $. However, as we bounced like crazy and we are now well above the bull market support, there is a decent chance, we are on our way to hold.
Don’t really need to add some narratives. ETHEREUM is the only real « opponent » for BITCOIN as we can admit they are now eating at the same table. We could even say that it could not be considered as an alt coin anymore.
The current Market cap for ETHEREUM is around 515 Billions, for a current price around 4 350 $ which means :
- if the price goes to 8k$, the MC should be around 950 Billions (1,84X from where we are) = "Conservative target"
- if the price goes to 10k$, the MC should be around 1,183 Trillions (2,3X) = "Most realistic price"
- if the price goes to 12k$, the MC should be around 1,42 Trillions (2,75X) = Its starting to become really huge at this level…
I’m privileging a range between 8k $ to 12k$ to DCA my sells for this cycle. It will ALWAYS depend of BITCOIN again, but ETH seems to hold pretty well (even better than BITCOIN). ETHEREUM could continu to outperform BTC, and become the leader for this current cycle. (if its not already the case ;))
If the whole cryptomarket cap reaches 8 To 10 Trillions this cycle (while BTC alone, could reach 2-3 trillions), then, this range from 8k$ to 12k$ could be « realistic » and « reasonable ». Expecting a 20k$ ETH or even higher does not seem doable for this cycle, regarding what we have to reach in term of market cap for theses prices. Even 12k$ is already very huge, and not sure at all.
Disclaimers :
Why theses targets ? Because I'm only using datas, stats, probabilities & logarithmic curves, to appreciate the potential and the risk level of holding a coin (or selling when its heating up). I also love to stay cold and realistic (even if I’m optimistic) in my projections and be surprised in the good way.
It's not a financial advise. This is not a « strong TA » but my point of view regarding my short but respectable experience in Crypto (since 2014). This chart is pretty simple and its just here to make potential projections, nothing more, so DYOR ALWAYS. Now its said, so let's see if this chart ages well, at least just for fun ;)
Still assuming we are in a bull market, (Same scenarios as in my previous ideas), we could consider 3 500 $ as the local bottom. If we finally break this level, the last chance could be 2 800 $. However, as we bounced like crazy and we are now well above the bull market support, there is a decent chance, we are on our way to hold.
Don’t really need to add some narratives. ETHEREUM is the only real « opponent » for BITCOIN as we can admit they are now eating at the same table. We could even say that it could not be considered as an alt coin anymore.
The current Market cap for ETHEREUM is around 515 Billions, for a current price around 4 350 $ which means :
- if the price goes to 8k$, the MC should be around 950 Billions (1,84X from where we are) = "Conservative target"
- if the price goes to 10k$, the MC should be around 1,183 Trillions (2,3X) = "Most realistic price"
- if the price goes to 12k$, the MC should be around 1,42 Trillions (2,75X) = Its starting to become really huge at this level…
I’m privileging a range between 8k $ to 12k$ to DCA my sells for this cycle. It will ALWAYS depend of BITCOIN again, but ETH seems to hold pretty well (even better than BITCOIN). ETHEREUM could continu to outperform BTC, and become the leader for this current cycle. (if its not already the case ;))
If the whole cryptomarket cap reaches 8 To 10 Trillions this cycle (while BTC alone, could reach 2-3 trillions), then, this range from 8k$ to 12k$ could be « realistic » and « reasonable ». Expecting a 20k$ ETH or even higher does not seem doable for this cycle, regarding what we have to reach in term of market cap for theses prices. Even 12k$ is already very huge, and not sure at all.
Disclaimers :
Why theses targets ? Because I'm only using datas, stats, probabilities & logarithmic curves, to appreciate the potential and the risk level of holding a coin (or selling when its heating up). I also love to stay cold and realistic (even if I’m optimistic) in my projections and be surprised in the good way.
It's not a financial advise. This is not a « strong TA » but my point of view regarding my short but respectable experience in Crypto (since 2014). This chart is pretty simple and its just here to make potential projections, nothing more, so DYOR ALWAYS. Now its said, so let's see if this chart ages well, at least just for fun ;)
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