December 2020 View
As I have been reporting on, the entire crypto world was asleep on the pending PayPal news that it will be rolling out 100% of its crypto services to 305 million people by Mid-November and NOT 2021 like everyone believed. (See article below)
This is insanely bullish news! PayPal has 305 million customers in the US and this means they can all purchase crypto including ETH and BTC (and a couple others). I already purchased ETH just for giggles to test it out and it indeed worked instantly.
With Cash App and PayPal now onboard, Venmo, Visa, Mastercard and others won't be far behind in rolling out crypto rails to be used with millions of global merchants.
Looking at ETH's technicals and with this fundamentally bullish news - ETH could easily be $800+ by December - of course there are some risks such as the ETH 2.0 Deposit contract. However, I believe a lot of people are holding out on depositing until the last second since their ETH will be locked for some time. Good news is that if you are looking to make some significant yield, if only the minimum number of people stake their ETH in the deposit contract, you will be earning somewhere b/w 20-30% of yield per year, more than triple the stock market's returns over the long-run.
At any rate, thought I would report this here considering the entire crypto-sphere was fast asleep on this news.
coindesk.com/paypal-removes-waitlist-for-new-crypto-service - PayPal goes live to 305 million customers
Technicals
RSI in ETH daily time-frame is still looking quite bullish as it is in a clear upward channel (similar to LINK's upward channel, which is even more bullish). Don't be surprised of a quick runup here and a slight pullback before continuing higher.
The pitchfork shows ETH is massively undervalued right now and this is a good time to accumulate more ETH before the bullrun pushes ETH to much higher prices in the coming weeks and months.
Position yourself accordingly!
As I have been reporting on, the entire crypto world was asleep on the pending PayPal news that it will be rolling out 100% of its crypto services to 305 million people by Mid-November and NOT 2021 like everyone believed. (See article below)
This is insanely bullish news! PayPal has 305 million customers in the US and this means they can all purchase crypto including ETH and BTC (and a couple others). I already purchased ETH just for giggles to test it out and it indeed worked instantly.
With Cash App and PayPal now onboard, Venmo, Visa, Mastercard and others won't be far behind in rolling out crypto rails to be used with millions of global merchants.
Looking at ETH's technicals and with this fundamentally bullish news - ETH could easily be $800+ by December - of course there are some risks such as the ETH 2.0 Deposit contract. However, I believe a lot of people are holding out on depositing until the last second since their ETH will be locked for some time. Good news is that if you are looking to make some significant yield, if only the minimum number of people stake their ETH in the deposit contract, you will be earning somewhere b/w 20-30% of yield per year, more than triple the stock market's returns over the long-run.
At any rate, thought I would report this here considering the entire crypto-sphere was fast asleep on this news.
coindesk.com/paypal-removes-waitlist-for-new-crypto-service - PayPal goes live to 305 million customers
Technicals
RSI in ETH daily time-frame is still looking quite bullish as it is in a clear upward channel (similar to LINK's upward channel, which is even more bullish). Don't be surprised of a quick runup here and a slight pullback before continuing higher.
The pitchfork shows ETH is massively undervalued right now and this is a good time to accumulate more ETH before the bullrun pushes ETH to much higher prices in the coming weeks and months.
Position yourself accordingly!
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.
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.