ETHUSD Ethereum Long and Short Term Outlook from Here
Updated
ETHUSD Long Term/Short Term Price Forecast
Per Adua ad Astra
Long Term
That low at 360 was as big and meaningful as Bitcoin's at
6000. Perfect Gann numbers too. Like, reeaally PERFECT.
Those lows are equivalent of the lows reached in the first
internet cycle when Nasdaq Composite fell from 5136 to 1118,
a decline of 78% in magnitude, playing out in 4 large waves
over 31 months.
For ETH the fall was from 1417 to 360, a decline of 74% - in 3
large waves over less than 3 months, so 10 times the speed of
the Nasdaq/Internet generation1 exactly.
Look what happened to Nasdaq Composite since: now at 7209
- up nearly 7 times over 16 years.
No real reason to figure that the Alt markets will perform any
differently in the longer term. Just 10 times quicker maybe!
And if that's the case it's effectively a buy dips market for the
next 1.6 years or 18 months or so - during which time ETH can
reach 360 x 7 = 2520. Stay long and keep tracking it as it rises.
Time will tell, as always.
Shorter Term
On and on towards the stars - a little local difficulty at 820 in
very near term but it should push higher with Bitcoin still
driving both Northwards but ETH still outperforming
beautifully.
This has already become the key larger market player in the
resurrection we see across the market in general. Could be
Google back in the day...
It should push on to 869 and 896 (900) and later to 978 where
it should spend time consolidating before breaking higher stiill
(add at this point) to 1400 and yes, one day to 2520 too.
Time will tell...never fails.
Here's to ETH. Let's hope it doesn't either.
Per Adua ad Astra
Long Term
That low at 360 was as big and meaningful as Bitcoin's at
6000. Perfect Gann numbers too. Like, reeaally PERFECT.
Those lows are equivalent of the lows reached in the first
internet cycle when Nasdaq Composite fell from 5136 to 1118,
a decline of 78% in magnitude, playing out in 4 large waves
over 31 months.
For ETH the fall was from 1417 to 360, a decline of 74% - in 3
large waves over less than 3 months, so 10 times the speed of
the Nasdaq/Internet generation1 exactly.
Look what happened to Nasdaq Composite since: now at 7209
- up nearly 7 times over 16 years.
No real reason to figure that the Alt markets will perform any
differently in the longer term. Just 10 times quicker maybe!
And if that's the case it's effectively a buy dips market for the
next 1.6 years or 18 months or so - during which time ETH can
reach 360 x 7 = 2520. Stay long and keep tracking it as it rises.
Time will tell, as always.
Shorter Term
On and on towards the stars - a little local difficulty at 820 in
very near term but it should push higher with Bitcoin still
driving both Northwards but ETH still outperforming
beautifully.
This has already become the key larger market player in the
resurrection we see across the market in general. Could be
Google back in the day...
It should push on to 869 and 896 (900) and later to 978 where
it should spend time consolidating before breaking higher stiill
(add at this point) to 1400 and yes, one day to 2520 too.
Time will tell...never fails.
Here's to ETH. Let's hope it doesn't either.
Note
For reference: Nasdaq 100 Internet v1 Crash PatternNote
ETHUSDHoly crap. Far Eastern selling from 02:00gmt on Sunday and from 01:00gmt last night again has crashed ETH below the lower parallel overnight.
It had held up yesterday but this needed updating - my very bad. Lazy boy.
So the far East is dumping big time and this is the warning signal that I should have picked up on yesterday and at least written an update to reiterate the importance of the lower parallel to the near term - lazy boy - it spiked under it yesterday but survived - overnight it was no so lucky.
We've had 2 waves down and there should be a 3rd starting quite soon from 725 -741 range.
It can come back to 685 again for sure and easily to 643 and to 600 at lowest, most likely before it regains composure.
Very sorry for not protecting this with same care as Bitcoin usually gets. Not good. Big black mark for that. Sorry
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