Ethereum At $9000/$10,000? ... Wait! Read It First!

Let's look at the monthly chart for ETHUSD (Ethereum).

Before we even start, let me make it clear and point out that we are looking at the monthly timeframe, so we need to wait for this candle to close for confirmation of anything that you will read below.

A candle close above $1450 this month puts this analysis on PLAY (ON!).

This month ETHUSD presents the highest volume since its inception on BitStamp; a bullish signal.

The RSI is off the chart, mega-strong and the MACD is looking pretty good but with room available for additional growth... Everything looks good so far.

Now, Bitcoin went 10X+ from its 2020 low... Something like a ~$3500 low to later hit a $42,000 high... Yeah I know, Bitcoin at $5,000 is impossible (these were the skeptics back in early 2017... 😁 We WIN!... Let's continue).

Ethereum (ETHUSD) is barely trading above its All-Time High (ATH).

Ethereum is the #1 Altcoin, something like the Second (2nd) Bitcoin.

If you calculate 10X+ on Ethereum from its March 2020 low we are talking about Ethereum hitting $9,000 to $10,000 or more... I know this is a lot but we are just looking at some numbers for ETHUSD compared to BTCUSD.

I know based on past history that the smaller altcoins (all altcoins minus the TOP10/20) will do 30X-50X their ATL on the next bull run... Thinking that ETH is the #1 Altcoin, we can even consider 15X or even 20X since Bitcoin already did 10X and Bitcoin is the KING... The Big Boss!

I know... Just some food for thoughts...

Thanks a lot for your support.

Namaste.