Ethereum Target Price 2017

After reading a couple of articles by @bullishmoney, I decided to try and make my own pricing model for Ethereum using a logarithmic pricing scale. I then created an exponential trend line to try and find a target price for 2017. The results are below:

The logarithmic scale definitely gives a better representation as to what is happening with Ether's price. Due to the high volatility, this scale allows us to put the changes in price into perspective, movement at higher prices have less affect than changes at lower prices.

My next step after creating the chart involved picking the proper trend line. What I ended up using was an exponential trend line, because this is a logarithmic chart you can see the linearity between the exponential function and the logarithmic scale. This gave me the highest R square value of any trend line option and appeared to fit the best visually.

PREDICTIONS:

Currently according to the trend line, Ether is a bit overvalued and we will more than likely experience some sort of pullback towards the 70's. However, looking forward towards the end of 2017 you can see that the target price is around $150 dollars per ETH.

I think this model gives a very fair representation of where Ether is headed and the logarithmic scale allows for more realistic trend lines to be analyzed.

OTHER FACTORS:
I also think you need to look past technical analysis when looking at investments because media and news can cause a lot of volatility in price. With Ethereum's recent involvement with many large companies like Microsoft, I think we can assume the value is going to increase for a while. More companies are starting to move towards Block Chain and its smart contracts.

CONCLUSION:
Go long on Ethereum. Positive news and technical analysis point to a bright future for this cryptocurrency.