With Bitcoin ranging and taking a break a bit, Ethereum is slowly gaining pace. I think we will see Ethereum rise by about 100% by April to $3000-$3800 area.
I think then, we might see some significant pullback ($1800-$2300 area) before continuing upwards.
Reasons why I think this will happen:
Largest weekly close with breaking ATH.
Hard fork - moving from Proof of work to proof of stake, replacing miners with validators.
Massive outflow from exchanges to private wallets causing supply crunch.
Institutional interest in Ethereum and DeFi.
Prediction - ETHBTC ratio at least 0.1 in 2021.
Not a trading advice.
I think then, we might see some significant pullback ($1800-$2300 area) before continuing upwards.
Reasons why I think this will happen:
Largest weekly close with breaking ATH.
Hard fork - moving from Proof of work to proof of stake, replacing miners with validators.
Massive outflow from exchanges to private wallets causing supply crunch.
Institutional interest in Ethereum and DeFi.
Prediction - ETHBTC ratio at least 0.1 in 2021.
Not a trading advice.
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