Ethereum is about to EXPLODE.
Ethereum tends to be more volatile than Bitcoin. Its application make it hard to calculate it future growth prospectus. Also, it faces a lot of technical risks as it is not truly decentralized... The developers and coders of Ethereum are trying to perform heart surgery while flying a rocket to Mars. Not to say it's impossible, but what they are trying to accomplish is extremely hard. Scaling Ethereum from PoW to PoS will be quite a feat/ If it is flawlessly executed, I believe Ethereum has a real chance of flipping Bitcoin. Execution risk is at an ATH though. Can Vitalik and team pull it off? Only time will tell...
In regard to the charts, Ethereum looks to be holding at support. The line if support is loosely justified due though...
- ETH is clearly oversold
- It could test $2,800, but unlikely IMO
- Bitcoin Dominance should rise, bringing ETH with it
- MAX Pain would be near 2K levels...highly unlikely IMO
- Ethereum needs to close above $3,500 for the bulls to get excited
NFA. DYOR.
Best,
- Mr. Bitcoin Baron
In regard to the charts, Ethereum looks to be holding at support. The line if support is loosely justified due though...
- ETH is clearly oversold
- It could test $2,800, but unlikely IMO
- Bitcoin Dominance should rise, bringing ETH with it
- MAX Pain would be near 2K levels...highly unlikely IMO
- Ethereum needs to close above $3,500 for the bulls to get excited
NFA. DYOR.
Best,
- Mr. Bitcoin Baron
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.