Ethusdidea
Ethereum Fib TimeUsing fib time to plot up and down cycles for the future of Ethereum
Lets just hope quantum computing doesn't catch up to commercial application!
Personally i think this is what will be the downfall of Cryptocurrency
We have some time however, Fib Time ;)
Currently in an Up Cycle, with a premonition of a parabola
Ethereum ready to take offIn my previous EthUsd analysis I said that I strongly bullish on this crypto and I expect 3k to be reached. My opinion is not changed, more, is reinforced.
If you'd looked at price action these past few days it is clear that dips under 1200 were bought aggressively and bulls are in total control.
At this point Ethereum is trading in the last recent high zone and slightly under its all-time high, and I expect a strong break above.
Although is far at this point, but only a drop under 1000 would change my strongly bullish opinion
EthUsd- Can it reach 3k? My opinion is YESAt this point, Ethereum is trading slightly under its all-time high (20% not being so much in the crypto world) and, simply looking at BTC after breaking above its ATH we can see that it doubled its value pretty quickly. Furthermore, we are in an extremely strong bull trend when it comes to crypto and I expect this to continue for the first part of 2021.
In my EthBtc analysis, I said that I expect a break above neckline resistance of the H&S and a challenge of 0.06 figure.
Putting all together, a bullish bitcoin that can go above 50K , a bullish ethbtc that can break above resistance I will reduce all to simple math:
50.000 x 0.06 equals 3k for EthUsd