Target $2K USD For ETHEREUM , ETH Still Trading at Discount
Updated
As we continue to see a nice rally above the Ethereum ATHs, we can now approaching the important psychological barrier of $2000 USD. There has been specualtion regarding a ton of limit buy orders at $1800 USD so be sure to watch when we cross into the high teens for ETH.
If we take a look at relative price of ETH to BTC, ETHEREUM is still trading at a DISCOUNT. BITCOINS Previous all time highs were $20,000 and ETHEREUM was at $1450 back in the last crypto bull rush January of 2018. As a result, we can see that ETH has lots of runway left to catch up to BITCOIN. I would argue fair price for ETHEREUM should be around $2500 relative to BTC's $50,000 PRICE TAG that we are currently approaching. Strategy would be to enter and look for exit to $2500. I still believe a correction is coming for both the Stock Market and Cryptocurrency. I believe the crash will come in the equity then in crypto as people roll money over to the equity side of things to pick up stocks on the discount.
Previous ideas played out nicely. Now I have re-entered another aggressive position on ETHEREUM. Be sure to watch the cross of $1800 USD that will be our launch.
If we take a look at relative price of ETH to BTC, ETHEREUM is still trading at a DISCOUNT. BITCOINS Previous all time highs were $20,000 and ETHEREUM was at $1450 back in the last crypto bull rush January of 2018. As a result, we can see that ETH has lots of runway left to catch up to BITCOIN. I would argue fair price for ETHEREUM should be around $2500 relative to BTC's $50,000 PRICE TAG that we are currently approaching. Strategy would be to enter and look for exit to $2500. I still believe a correction is coming for both the Stock Market and Cryptocurrency. I believe the crash will come in the equity then in crypto as people roll money over to the equity side of things to pick up stocks on the discount.
Previous ideas played out nicely. Now I have re-entered another aggressive position on ETHEREUM. Be sure to watch the cross of $1800 USD that will be our launch.
Trade closed: target reached
Target Reach....next target will be $3000 USD using our concept of relative price with BTC
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