ETH/USD - The case for $10,000 per Ethereum by end of 2021...🚀

ETH has made the $2k level support as indicated by this lovely chart. Now we are clear to go much higher.

Next significant targets? $5k and $10k. Both are possible and likely before 2021 ends.

As you can see on this chart, if we maintain the current momentum we should hit $10k by November 2021. This required ETH to increase in price by only 400%.

I say only, because in the past 12 months, ETH has increased by 2,400% (since March 2020). What is 400% in a bullish market? Not much.

However, there is more to ETH that makes me very bullish, particularly the fact that the Ethereum Improvement Protocol or EIP-1559 is due to launch this summer around July 2021.

Why is EIP-1559 important? Because it makes ETH cheaper to transact in, scarce and deflationary at the same time.

After EIP-1559 is deployed transaction fees will be much cheaper than now and all base fees paid on ETH network will be burned! More transactions due to lower fees = more ETH burned = scarcity = increase in ETH price.

Simple no? Yep.

Questions is... do you have exposure to ETH? Don't miss it.

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