Will the price of Ethereum reach $650.00 by December 2018?

On June 12 of 2016 Ethereum reached an all time high of $415.31, up about 5,107% since the start of the year. One month later the price sat at $156.00. Since then the crypto-currency has rallied back and as of today trades a hair above $300.00.

Today's reading -- configured in the Celtic Cross layout -- takes a peek at where price may be by the end of next year for this stellar crypto performer.

Position 1:

In position 1 at the center of the cross we have the Nine of Swords.

With the the Nine of Swords as the first card we see that the recent plunge in price shook the confidence of many investors, this in spite of the fact that, percentage-wise, anyone who bought in January was still far ahead financially even at the $156.00 level. Those who panicked and sold at the bottom now rue their decision. But for those who exhibited patience, recent price action has justified their faith.

Position 2:

In position 2 (covering the Three of Cups) we have the Three of Coins.

The invention of genius Vitalik Buterin continues to attract the attention of governments and business. Just yesterday, former JPMorgan Chase trader Daniel Masters, announced the launch of an exchange-traded note (ETN) on the Stockholm Nasdaq exchange. Continued integration of Ethereum with traditional markets bodes well for its price appreciation.

Position 3:

Position 3 shows us The Hermit.

Placed at the top of the cross, The Hermit advises study and contemplation of this fascinating digital asset. Perhaps the message is to focus less on the day-to-day price movements and concentrate more on the longer term fundamentals of this revolutionary technology. Often times a buy-and-hold approach is superior to the more exciting day trading strategy.

Position 4:

Position 4 presents us the Knight of Wands.

Located at the bottom of the cross this card represents the foundation on which our question rests. The Knight here speaks to a fiery energy that can hardly be contained. If it has a fault, it is in its impulsiveness. Hurry up and break things could be his motto. This approach informs us that we have many fireworks ahead, exciting highs and frightening lows are all part of the picture we should expect on the Ethereum adventure.

Position 5:

Position 5 reveals the Knight of Swords.

Another Knight, sword in hand, joins the battle for price appreciation! Located to the left of the cross the Knight of Swords continues and builds upon the energy and momentum started by the Knight of Wands. This dark Knight, a skilled warrior, informs us that Ethereum will continue to take market share from entrenched interests, swiftly and mercilessly. Here again we see evidence for further price appreciation within the next 12-14 months.

Position 6:

Position 6 presents us the King of Cups.

Sitting to the right of the cross, the King of Cups is a power to be reckoned with. In his hands he holds the cup of wisdom as well as the scepter of strength. Because his power lies in his subtlety, we know that the general population has no clue as to what move this crafty king will next make. But there is one thing we do know, the King of Cups speaks to leadership of the highest order, leadership one can trust to take price to the next level.

With the cross complete, let's move on to the staff of four cards that accompany the cross.

Position 7:

Position 7 is the Two of Wands.

As the foundation of the staff, this is the card of enterprise and risk-taking. In the context of our question, it indicates that we are consolidating after a price run-up that got a bit ahead of itself. The steep rise and fall created a slight sense of doubt, however the Two of Wands also counsels waiting and watching with an eye for further price rise. From where the man on the battlement stands, all looks favorable.

Position 8:

Position 8 shows the Two of Swords.

Another two card! And because the Two of Swords falls in the second position on the staff, this means we have a triple dose of the dualistic energy that infuses all of the twos. So here again, while we may find ourselves of two minds about the potential for Ethereum to surpass its all time high, the underlying message is to be patient, to be strategic, and to be calm. Refuse to let doubt and fear enter your mind. Refuse negative emotions. Refuse to be swayed by the propaganda of naysayers.

Position 9:

Position 9 brings us The Moon.

As the third position on the staff, the Moon asks that we go within to draw upon our own intuition. The Moon speaks to our dreams and our hopes, speaks of expanded consciousness and the answers that come to us when we are deeply relaxed. Think of what originally brought you to investigate and invest in Ethereum. Remember what you felt when you first heard about this strange new invention. Recognize that all things move in waves and cycles and knowing that, watch as unseen forces lift the value of ETH higher and higher.

Position 10:

Position 10 is the Ten of Wands.

The last card in this reading is one of steady growth and adoption of the Ethereum protocol. Much has been learned in 2016 and, even with the DAO disaster, Ethereum rose and continues to thrive. The message of this card is that the engines of creation that brought us Ethereum are alive and well.

Come December of 2018 I fully expect the price of Ethereum to reach, and likely surpass, the $650.00 level.

Do you have a favorite crypto coin or token that you'd like a tarot reading for? If so, leave me a message below and I'll post the reading once I get to it.

Disclaimer:

My tarot readings are not Investment Advice. Content on Crypto Tarot is intended to be used and must be used for entertainment purposes only. It is very important to do your own analysis before making any investment based on your own
personal circumstances. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any investment strategies.