Ethereum (ETH) Price Discovery Phase! The Journey has Begun
Congratulations to all the Ethereum investors and hodlers globally. Today is another major milestone and special day for the Ethereum nation as we've hit another new all time high trading past $1600. As of today everybody in the world should be in profit! Cheers!
We are officially in price discovery phase for Ethereum and we're just getting started. We have a nice breakout past the "1" level on the Fibonacci retracement and now we're trending towards the "1.618" level putting Ethereum at a price target of roughly $2250. The trend is very strong but I will say we do have decreasing volume so keep that in mind.
The fundamentals behind Ethereum have never been stronger. It is becoming clear that Ethereum is the next evolution of the internet and the second pillar of the cryptocurrency ecosystem next to Bitcoin .
Also no Ethereum = No Decentralized Finance (DeFi). The overwhelming majority of Decentralized Finance runs off of Ethereum . If we consider that Ethereum is the nexus to bridging part of our current financial system into decentralized finance, then we can conclude that Ethereum is tapping into global markets worth 100s of trillions of dollars. Lets not even get started on derivatives.
History is in the making. I personally believe Ethereum will have a truly historic performance in 2021. The use cases, potential, and demand for cryptocurrency is inevitable as the world starts to see how clogged, corroded, antiquate, and corrupted our current centralized financial system is. I'm keeping a nice bag of Ethereum for this decade.
Cheers! Much Peace and Love!
We are officially in price discovery phase for Ethereum and we're just getting started. We have a nice breakout past the "1" level on the Fibonacci retracement and now we're trending towards the "1.618" level putting Ethereum at a price target of roughly $2250. The trend is very strong but I will say we do have decreasing volume so keep that in mind.
The fundamentals behind Ethereum have never been stronger. It is becoming clear that Ethereum is the next evolution of the internet and the second pillar of the cryptocurrency ecosystem next to Bitcoin .
Also no Ethereum = No Decentralized Finance (DeFi). The overwhelming majority of Decentralized Finance runs off of Ethereum . If we consider that Ethereum is the nexus to bridging part of our current financial system into decentralized finance, then we can conclude that Ethereum is tapping into global markets worth 100s of trillions of dollars. Lets not even get started on derivatives.
History is in the making. I personally believe Ethereum will have a truly historic performance in 2021. The use cases, potential, and demand for cryptocurrency is inevitable as the world starts to see how clogged, corroded, antiquate, and corrupted our current centralized financial system is. I'm keeping a nice bag of Ethereum for this decade.
Cheers! Much Peace and Love!