As long as BTC is stable, ETH will continue to rise higher and higher.... ETH's 2 hour chart looks amazingly bullish and is aiming for $580 as the first price target in the next few hours. Keep watching BTC for potential short term dips (not dumps).
Currently $541 is acting as support for ETH before it moves higher which is clear on this chart it is poised to do.
ETH continues to garner more deposits into the 2.0 address - currently we're at 228k ETH (4k deposited in last 20 mins alone!!!) ... As long as we continue to fill the deposit address and BTC is stable or growing, we will see ETH continue higher. Where this ends up? We could potentially see ETH at $700 sometime on Monday barring any unseen fundamental news event.
Here are my target prices (as long as BTC is stable or rising):
TP1: $580 (next few hours)
TP2: $750 (next couple days)
TP3: $817 (next 1-2 weeks)
TP4: $900+ (next 4 weeks)
TP5: $1,100 (next 5 weeks)
Keep in mind to expect volatility around the time BTC hits the all time high... when this occurs this is a healthy, but a lot shorts will pile in expecting a 30% correction which is when I think they will get liquidated pushing BTC upwards to 30k before we see any meaningful pull-back.
Please read my previous analysis written earlier today behind ETH's move higher today, that I predicted would occur back on Nov 17th:
Currently $541 is acting as support for ETH before it moves higher which is clear on this chart it is poised to do.
ETH continues to garner more deposits into the 2.0 address - currently we're at 228k ETH (4k deposited in last 20 mins alone!!!) ... As long as we continue to fill the deposit address and BTC is stable or growing, we will see ETH continue higher. Where this ends up? We could potentially see ETH at $700 sometime on Monday barring any unseen fundamental news event.
Here are my target prices (as long as BTC is stable or rising):
TP1: $580 (next few hours)
TP2: $750 (next couple days)
TP3: $817 (next 1-2 weeks)
TP4: $900+ (next 4 weeks)
TP5: $1,100 (next 5 weeks)
Keep in mind to expect volatility around the time BTC hits the all time high... when this occurs this is a healthy, but a lot shorts will pile in expecting a 30% correction which is when I think they will get liquidated pushing BTC upwards to 30k before we see any meaningful pull-back.
Please read my previous analysis written earlier today behind ETH's move higher today, that I predicted would occur back on Nov 17th:
Note
Donation (It's up to you)If you want send some crypto, I accept Bitcoin or ETH:
ETH: 0xb23F88Bc5AfCF2951C3F67626289698fe2356c9A
BTC: 36wi3dVQ4juQs2rLHcqi8cDV1i5aCc4r2A
Note
Deposit 2.0 contract at 385,000 ETH, 73% filled!!!Still another 24 hour period (tomorrow) to get to 100% ... I'm pretty confident at this rate, this will be a certainty!
Note
ETH 2.0 deposit contract now >100% participation.Price will swell now that 2.0 is assured
GLTA
Position 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.