ETHUSD (Ethereum) – Week 45 – Waiting for the continuation
On November 5, crypto platform Bakkt announced that it would incorporate Ether onto its platform, which had previously limited offerings to Bitcoin. A representative for the firm stated that “We have received all required approvals and have already built the necessary technology to begin offering Ethereum on the Bakkt platform. These capabilities will be live on the platform in the next few weeks.” Bakkt's platform allows users to buy and sell crypto and send it to other platform users, but not withdraw it to third-party wallets.
According to a Finder report consisting of 50 fintech specialists, ETH is expected to reach a value of $5,114 by the end of 2021. The findings from the Ethereum price predictions report forecast the average price expectancy of ETH over the rest of 2021, 2025 and 2030. Although a value of $5,114 seems to be a significant leap from its current price of around $4,000, it pales in significance compared to 2025, in which experts anticipate a price of around $15,364 per coin. The cost of Ethereum by 2030 is even more mind-boggling, with $50,788 expected to be reached by the end of the decade.
From a technical perspective, Ethereum is making a correction that will probably reach the blue trendline marked on the chart. After this trendline is reached we must study the price action to see what will be the next move although the move with the highest probability is a continuation of the uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
According to a Finder report consisting of 50 fintech specialists, ETH is expected to reach a value of $5,114 by the end of 2021. The findings from the Ethereum price predictions report forecast the average price expectancy of ETH over the rest of 2021, 2025 and 2030. Although a value of $5,114 seems to be a significant leap from its current price of around $4,000, it pales in significance compared to 2025, in which experts anticipate a price of around $15,364 per coin. The cost of Ethereum by 2030 is even more mind-boggling, with $50,788 expected to be reached by the end of the decade.
From a technical perspective, Ethereum is making a correction that will probably reach the blue trendline marked on the chart. After this trendline is reached we must study the price action to see what will be the next move although the move with the highest probability is a continuation of the uptrend.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
