Bitcoin x Ethereum correlation, 10k+ Ethereum ?
Highly speculative theory that ethereum's top this cycle will be when it hits bitcoin's 200 week moving average. I've been thinking about this possibility since November of last year and wanted to post this to see if it actually plays out. If this theory actually plays out that could put ethereum at a price point of anywhere between 8400 (current btc 200 week ma) and possibly 20k if it keeps moving upwards at the current rate. This would most likely happen on a spike and wouldn't last long. bitcoin maxi's would hate this lol.
Related publications
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.