If history repeats a similar move the final Hash Ribbons signal that was posted prior to the historic bull run in ETH returned nearly 4,300% over 126 days. If a similar moves happens then ETH will target $23k by April 2021.
We are still very young into the upside in ETH. Buying here at spot would be a one time heavily discounted opportunity. We will have days in the not so distant future where we will see $1000 green candles.
We are still very young into the upside in ETH. Buying here at spot would be a one time heavily discounted opportunity. We will have days in the not so distant future where we will see $1000 green candles.
Market cap is all relative - It's like saying Amazon or Apple can't be $2 trillion ... of course ETH can go to $23k. Price moves in steps and as long as everyone doesn't rush to sell (like holder of Amazon and Apple) price will continue higher and the arbitrary market cap number will grow higher.
ETH is switching to a hard cap in 2.0 as well and will have a lower inflation than BTC come July 2021. Also there's 10x the fiat money sloshing around (compared to last bullrun) from all the government printing + $18 trillion of long-term bonds are negative yielding... ETH can easily go much higher than $23k even.