I am making a brave call but you heard it here first from me, before any news reports or any other traders forecast (that I am aware of).
Technical Analysis
We are now in Wave 3 on Ethereum and I see huge upside in Ethereum's price.
If it can break through its current price around $355 - where it is currently finding resistance then it's game on.
Further confirmation will be breaking into new highs, above the all time high of $412.21.
Note:
If Ethereum CANNOT break through this current resistance at $355 the Market is telling us that price doesn't want to go up - if we entered now we must be prepared to be get stopped out.
If Ethereum CAN break through $355, then the next hurdle is $412.21 and we are looking for new all time highs ....
Again the Wave3, Wave4 and Wave5 are NOT price projections or time projections.
Fundamental Analysis
The catalyst could be "Casper" (named after the cartoon ghost movie) and is being developed by the genius, Vitalik Buterin and equally smart developer, Vlad Zamfir.
It is just a white paper at this stage but "proof of stake" could be a huge breakthrough in moving the cryptocurrency world forward.
Source: https://www.coindesk.com/ethereum-casper-proof-stake-rewrite-rules-blockchain/
Hope that helps.
Author: Sean Vengan, Professional Cryptocurrency Trader and Trading Educator
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