There is very little resistance between the current price and the next target price I have marked which is $817.
ETH currently has several bullish fundamentals driving price. The foremost being PayPal which continues to push new daily all time highs in volume traded.
Here is a readout of the last 18 days of daily November volume traded on PayPal (in USD):
2020-11-18 43,643,232
2020-11-17 31,361,360
2020-11-16 15,742,162
2020-11-15 5,715,007
2020-11-14 7,474,379
2020-11-13 16,897,665
2020-11-12 24,753,849
2020-11-11 19,522,311
2020-11-10 15,339,004
2020-11-09 24,493,487
2020-11-08 7,907,173
2020-11-07 20,472,201
2020-11-06 23,078,367
2020-11-05 21,414,695
2020-11-04 21,726,062
2020-11-03 16,039,874
2020-11-02 14,475,433
2020-11-01 10,281,997
As you can see volumes are rising significantly on PayPal - which includes BTC, ETH, BCH, and LTC - most of which is BTC and ETH. The all time high was just printed on November 18th but the amount over the last 3 days is pretty breathtaking as this could ignite much higher considering 305 million can now buy crypto hassle free once they discover the news. Most people are still unaware and asleep due to the fact that this bull run so far has been "stealth-like" without retail FOMO coming in yet.
ETH 2.0 Nov. 24th Deadline
I fully expect if ETH can garner the full 524k in the contract address by Nov. 24th, we should see a massive bullish spike upwards through the air pocket to $800+. There is very little resistance b/w here and there and it appears there are some big whales interested in staking as the annual APR is upwards of 25% for being a validator in ETH 2.0.
A whale just announced today that he will deposit 20,000 ETH - https://www.trustnodes.com/2020/11/18/arab-whale-to-stake-20000-eth
This now brings the total of ETH staked to 130k+ and rising. All that needs to happen are a few more whales and we could easily pass the minimum amount necessary to launch Phase 0.
ETH currently has several bullish fundamentals driving price. The foremost being PayPal which continues to push new daily all time highs in volume traded.
Here is a readout of the last 18 days of daily November volume traded on PayPal (in USD):
2020-11-18 43,643,232
2020-11-17 31,361,360
2020-11-16 15,742,162
2020-11-15 5,715,007
2020-11-14 7,474,379
2020-11-13 16,897,665
2020-11-12 24,753,849
2020-11-11 19,522,311
2020-11-10 15,339,004
2020-11-09 24,493,487
2020-11-08 7,907,173
2020-11-07 20,472,201
2020-11-06 23,078,367
2020-11-05 21,414,695
2020-11-04 21,726,062
2020-11-03 16,039,874
2020-11-02 14,475,433
2020-11-01 10,281,997
As you can see volumes are rising significantly on PayPal - which includes BTC, ETH, BCH, and LTC - most of which is BTC and ETH. The all time high was just printed on November 18th but the amount over the last 3 days is pretty breathtaking as this could ignite much higher considering 305 million can now buy crypto hassle free once they discover the news. Most people are still unaware and asleep due to the fact that this bull run so far has been "stealth-like" without retail FOMO coming in yet.
ETH 2.0 Nov. 24th Deadline
I fully expect if ETH can garner the full 524k in the contract address by Nov. 24th, we should see a massive bullish spike upwards through the air pocket to $800+. There is very little resistance b/w here and there and it appears there are some big whales interested in staking as the annual APR is upwards of 25% for being a validator in ETH 2.0.
A whale just announced today that he will deposit 20,000 ETH - https://www.trustnodes.com/2020/11/18/arab-whale-to-stake-20000-eth
This now brings the total of ETH staked to 130k+ and rising. All that needs to happen are a few more whales and we could easily pass the minimum amount necessary to launch Phase 0.
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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.