Big Alert: Ethereum Market Cap it's extremely bullish!!!At the moment, analyzing in the monthly chart, I see that the perspective for the market cap it's extremely bullish for the next months. That mean that Ethereum it's in the true bull market.
Now, in this special analysis and one of my topics that I want to discuss with you, I want to talk about my prediction of the Ethereum market cap and how to calculate the future price for Ethereum, and apply my past analysis in Ethereum like Ethereum dominance to have an accuracy of the possible price to sell when you hold Ethereum, you're going to sell expensive.
Now, first, noticed in this website: coinmarketcap.com
In this website, you can to found out the Ethereum tools to analyze to get and know how much Ethereum assets are in the circulation, the actual market cap and much more.
Actually, there're 115, 005, 422 (millions) Ethereum assets in circulation. And the market cap it's around of $208 billion. Now, to calculate the actual price, you wil need to divided your Ethereum assets for the actual market cap.
Formula: Ethereum market cap / Ethereum assets in circulation
$208.30 billion/ 115,005,422 (millions) Ethereum assets = $1,811.21 USD. Remember, the price alter in their movement. But that's a basic math operations.
Now, if we use the following example and supposed that Ethereum reach the market cap of $500 billion that I share you in my chart. We would need to divided the market cap of $500 billion and the Ethereum assets in circulation to know the future price of Ethereum.
Operation: 500 bilion/ 115,005,244 Ethereum assets = $4,347.62 USD
If Ethereum reach a market cap of $500 billion, we can to see an Ethereum at $4,347 USD, that it's an amazing price.
Now, if you want to know what happening if Ethereum reach a market cap of $1 trillion, well, the price will be exactly at $8,695.24 USD. And if Ethereum reach a market cap value in $2 trillion, the price will be exactly at $17,390.48 USD. That it's a impeccable price. Now, as I calculate an objective that Ethereum could to grow so near of 1,600%, and well, if we apply and supposed that Ethereum reach a little more a market over $2 trillion and suppposed that we're going to sell when the market reach up the $2.37 trillion, the price will be $20,607 USD.
Guys, this it's amazing to know this hide information and be prepared when the market it's reach a maximum price that we can to sell using this data analytics if you hold Ethereum as investments. I don't have any doubts that Ethereum reach the 5 digits of $10,000 USD in medium to long term for the next months. And well, if Ethereum in case that overpass a market of $3 trillion, we can to double the 1,600% that mean a 3,200%, that it's another theory becuase in sometimes crytpocurrency could to multiply x2 if we use the comparison of the up possible to multiply x2, that mean 3,200% it's could to reach a market cap of nea of $5 trillion, and if this pass, the price of Ethereum could to round approximately at $40,000 USD for each Ethereum (but this it's my other perspective if the market of Ethereum could to multiply x2 as we see in the past bull rally 2017, I am not in 2017 when was the bull run of Bitcoin and cryptocurrency, I appear in Bitcoin later of the bul rally in 2017 and I knowed Bitcoin in in the started of the year 2018. But, yes I get this information to calculate, if you see in the Ethereum/Bitcoin chart, in 2017 Ethereum have a cost of near of 0.2 Bitcoin, that mean if you buy at least 10 Ethereum in 2017, you could to get near of 2 Bitcoin, and today, 2 Bitcoin have a value over $100,000 USD. But that it's my pure theory if in case that Ethereum it's going to double the market cap as the price.
For that, I invite you to share this special analysis with others traders to know this information that they'll need to know. And fyou like this information, please get me a like and comment below how did you think about of this idea?
ETH trade ideas
Ethereum, if we mirrored a recent push and correctionAs Ethereum consolidates along an upward trend line... Drawing this out to see where we are currently are at and what could possibly occur if we mirrored recent pullbacks. I recognize a smaller near-term or a much stronger long-term correction could occur. However following recent patterns, it seems more likely that we would follow recent price action.
Ethereum upward trend line, short term consolidationI've found it difficult to chart Ethereum for some reason. I think that's why many people rely on algorithms to trade. But after spending time the markers seem to appear. Ethereum was not impacted much by recent Bitcoin price moves. Movements seems to be upward with some consolidation in the near-term.
Bitcoin got me here, and has had its run but I feel that Ethereum represents as much or more of an opportunity at this point as Bitcoin at current levels.
xrp 2/9/2021Gan channel
Foiund Gan channel which I like even better than regression channel. Seems to show everything and be accurate - we shall see I guess.
Gan channels like this drawn on pretty much everything right now show EVERYTHING maxxed out.
That is what I have been thinking since NOVEMBER but that has obviously not been the case...
Good luck out there!
Several areas of support to choose fromIt will be interesting to see whether or not we follow a correction pattern as others have published here, or whether the culmination of several different trendlines provide a strong area of support.
I lightened my position as we headed off our high earlier Sat. Again, we'll see if that was a wise choice or not.
ETH makes a strong move, setting up a new upward channel?Time to update my Ethereum chart. Are we forming a new upward channel and levels of support and resistance?
'Risk comes from not knowing what you're doing.' - Warren Buffett. Luckily Warren also said, 'You only have to do a very few things right in your life so long as you don't do too many things wrong.''
Ethereum Mkt.Cap is Breaking Out the ATH LevelETH Market Cap touched 2018 ATH yesterday, and is consolidating and accumulating bulls power to break (closed candle) above 2018 ATH level.
If it completes the ascending triangle, the closest target is $218B.
Nice and clear, sit back, relax, and enjoy the show folks!
ETH heading for retracement?Ethereum has an extended run up with no corrective wave.
Ascending wedge forming with price contracting, logically there should be a break to the downside from here - I have marked the highest level of resistance.
I will set a pending order here (risking 1-3%) and I will just hold this position for years. I think Crypto assets, like the S&P500, will just continue to increase in value over a 10 year period. We're only at the start of their growth.