A Quick Update For ETH/USDT Analysis
The price of Ethereum is taking off right now and I believe we are at the start of the next leg of this cryptocurrency rally.
Bitcoin has been maintaining its strong uptrend all week and this looks set to continue.
Ethereum has been dramatically underperforming of late but has some key fundamental factors coming into play soon that will have a very large impact on price.
❇️Ethereum has been plagued by scaling issues – namely very high gas fees that mean processing Ethereum transactions is very expensive.
The two major updates coming to Ethereum over the next couple of months that will make Ethereum deflationary and reduce gas fees are likely to have a big upwards effect on the price as Ethereum bridges the gap between Ethereum 1.0 and Ethereum 2.0.
✅NEXT UPCOMING UPDATES FOR Ethereum (ETH):
👉14 Apr 2021
Berlin Hard Fork: "Ethereum developers have scheduled the Berlin hard fork for April 14 at block height 12,244,000"
👉31 Jul 2021 (or earlier)
London Hard Fork
"The proposal [EIP 1159] has been accepted to be included in the London hard fork, which is expected to come this July..."
refrences: coinmarketcal.com - cityam. com
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for ETH /USDT, the price is trading at around $2000 .
As you can see, ETH has been able to complete its pattern. In the long run, it evokes astonishing goals, although it may even correct DOWN to EMA50, in which case a quick rebound will throw the price like a spring to the specified goals.
This may sound strange and shocking, but I'm waiting for Bitcoin to be around $ 250,000 and ETHUSDT to be around $ 25,000. (ETH price= (0.08 - 0.1) BTC price )
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you agree
Bitcoin has been maintaining its strong uptrend all week and this looks set to continue.
Ethereum has been dramatically underperforming of late but has some key fundamental factors coming into play soon that will have a very large impact on price.
❇️Ethereum has been plagued by scaling issues – namely very high gas fees that mean processing Ethereum transactions is very expensive.
The two major updates coming to Ethereum over the next couple of months that will make Ethereum deflationary and reduce gas fees are likely to have a big upwards effect on the price as Ethereum bridges the gap between Ethereum 1.0 and Ethereum 2.0.
✅NEXT UPCOMING UPDATES FOR Ethereum (ETH):
👉14 Apr 2021
Berlin Hard Fork: "Ethereum developers have scheduled the Berlin hard fork for April 14 at block height 12,244,000"
👉31 Jul 2021 (or earlier)
London Hard Fork
"The proposal [EIP 1159] has been accepted to be included in the London hard fork, which is expected to come this July..."
refrences: coinmarketcal.com - cityam. com
-------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for ETH /USDT, the price is trading at around $2000 .
As you can see, ETH has been able to complete its pattern. In the long run, it evokes astonishing goals, although it may even correct DOWN to EMA50, in which case a quick rebound will throw the price like a spring to the specified goals.
This may sound strange and shocking, but I'm waiting for Bitcoin to be around $ 250,000 and ETHUSDT to be around $ 25,000. (ETH price= (0.08 - 0.1) BTC price )
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you agree
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