Over most of its life span, I think that Ethereum has proved to be a force to be reckoned with. This is majorly because it has maintained its place as the second top cryptocurrency —right after Bitcoin.
As a plus, under only a few weeks of its predicted all-time high, Ethereum has managed to top the $1.5k milestone. This happened only yesterday, and this is great for Ethereum, although I reckon this currency has a lot more in store for us all.
Ethereum could get to $2000 in three weeks!!
I need to show you one significant observation I made by looking at recent valuations. What I am about to show you could bear enormous profits for you as an investor or trader holding Ethereum. I will not just inform you about my predicted exit route but also an entry system for newbies intrigued by the coin.
Below, you will find that I indicated what appears to be an ascending triangular formation in the Ethereum price so far;
One important thing to note is that this kind of triangular ascension most likely results in bullish markets. This means that the price range will be breaking downwards but rather upwards.
Furthermore, if you take a line from the first triangle's support point up to the corresponding resistance, you get a percentage of rise against the resistance. This is the breakout I am referring to, and it can be observed below;
If you look closely, you will find that this puts Ethereum at around $1700-$1800. That is almost $2000. I propose that we could hit $2000 in the coming few weeks.
To prove this observation of mine, we can already see that yesterday, on Tuesday 3rd of February, Ethereum toppled its all-time high of $1500. This was predicted on January 19th, 2021. Only a day ago, and there has already been proof laid out that Ethereum has the Bull Market in its favor.
I think that at the rate Ethereum is soaring, we could get to $3000 before the first half of the year runs out.
Watch out for more updates for the year as we watched Ethereum grow to heights we could never even imagine.
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