What's next for Ether - Ethereum
Some big movements in Ethereum in the last couple days and especially today. Ether has broken the USD 250 range and has been on a rally mood since then. Ether has hit over USD 400 today and the volume is just under USD 2 billion in the last 24hrs.
Looking at this above chart, we can see Ether settling around USD 350 but what's the next likely target for Ether?
With the rise of exchanges in Asia and new ether being bought to put money in ICOs, I can see Ethereum can over take Bitcoin market cap within the next 3 months!
However, I would like to see a dip first under USD 300 to confirm the further bullishness at a price target of USD 500 - USD 600 in the next 3 months which should give Ethereum a market cap of and over USD 50 billion.
Until next time,
Rick
That pin bar above 400 to me will be putting pressure to the price in short term, i dont see the price will be new high in probably a month where the price will correct in a lower level for a while before charging enough.momentum for new high in 3 months times.
Thanks for your comment @wilkinshui
There is indeed some pressure above USD 400 and a correction dip makes sense at the moment before the next rally.
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