"Simplicity is the ultimate sophistication."-Leonardo Da Vinci-
ETH/USD
- Ethereum continues to rise for the third day in a row. Looking for a potential breakout towards 700$ if it can climb up above current resistance of 660$.
- With a rising RSI and MACD prices should continue to climb upwards and provide a good oportunity for buyers to step in as it eyes ATH.
- If Bitcoin keeps climbing on the 25k/26k$ and upwards I see no correction coming into Ethereum until something changes. Bullish until proven otherwise by a huge drop.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
Chad trader from ClearThoughtCrypto
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Ethereum still has a longggg way to go to hit that ATH. It's still down about 55% from the ATH.
I'm keeping my fingers crossed for another alt-season like 2017. The alt market has been pretty weak compared to what I'd expect from the past. :(
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Hey thank you for your opinion! True, still long ways to go before 1200$ ATH but this are just the rambling of a positively minded person. I know price can still decline further down in the next few months but seeing how Bitcoin reacts to current price discovery I would not try shorting Ethereum as I believe it will tend to follow Bitcoin during a bull run. Anyways just some thoughts I had in my head. Thanks and Happy Christmas!
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Oh yeah I agree. I still think it's definitely a good buy at this price.
I've been buying a little bit but not too much. Idk why but I just can't get into ETH. Maybe it's because I remember when it was $5 and I hate myself for not getting into crypto back then. 🤣 And the gas fees yuck. But that should be fixed w 2.0 eventually though
I've been putting most of my money into XMR and ALGO though. I love privacy coins and I like ALGOs staking though it does have some issues as far as tokenomics go imo. LOKI the Monero fork is another coin I really like.
Idk how I got on this ramble lol. But, yeah I definitely think ETH is still a good buy barring any catastrophic happenings. I have a long on it on my derivs account.
Keeping my fingers crossed for alt season 2.0 too!
Love your enthusiasm! I will definitively check those altcoins out, some I already know about but have never had the money to invest in them. Hopefully this will change this year! Thanks for sharing this information!
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Once ETH starts rallying hard, I believe we're gonna have an altcoin season.
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Oh that matches my belief! I would have loved to hear something contradicting my bias but thanks anyways for your comment haha!
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It's still the major altcoin season starter.
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