ETH/USD - Moon mission initiated - 20k next!

ETH has reached it's ATH level. If BTC is to be any indicator, we're headed for the moon, fast!

The latest estimate for the next top at the end of 2021 puts us at a whooping 20k, at least according to Deribit derivatives exchange that now allows you to have a 20k strike for ETH on December 2021!

Are you serious? :D

My estimates put ETH top somewhere around 10k, if we are lucky. But maybe I am too conservative. 2021 will show us some exciting price action and ETH will for sure take the spot light! Get ready, fasten your seat belt and remember, BTC was 10k in October last year!

Looking at this price action, the more we range at ATH level, the more likely we are to break out of here. Daily looks posed to take us higher according to the indicators, we just need a little push from a whale and up we go.

I would not short here, maybe consider a long if we re-test ATH as support (see BTC chart from 20k levels). Once that happens, we will rush higher.

Let me know what are your estimates for ETH top in 2021?

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