Ethereum could go up 200% over the next few months!!!

Long

Ethereum (COINBASE:ETHUSD)

Updated

COINBASE:ETHUSD Ethereum

supplyanddemand trendline fundamental ethereum ethereumlong decentralized finance ethusd ethusdlong fundementals istanbul hardfork

The Istanbul Hard fork is scheduled to happen this Saturday. This will allow transactions per second to climb from 15 to 3,000!

Combine that with the fact that the DEFI space is growing exponentially and we're looking at formula that could very easily break us out of our falling wedge and to the top of the upper end of the trade channel.

1. Count down clock for the upgrade ---> https://etherscan.io/block/countdown/9069000
2. 3,000 transactions per second ---> https://www.fxstreet.com/cryptocurrencies/news/can-ethereum-hit-3-000-transactions-per-second-vitalik-buterin-thinks-so-201911260130
3. Shows DEFI utlization --->
4. Chico can be a little crazy but his take on Defi is spot on --->

Comment:

Istanbul is complete. In the waiting game phase. I believe that will change when BTC breaks out of the current Adam and Eve pattern. Then the price should be free flowing to the upper end of the Falling Wedge.

Comment:

Haven't given up on this idea. The New years release going off without a hitch and another month of price action should get us near the break out zone.

Comment:

This trade is still very much on and we should see upside pressure in the next 1 to 2 weeks. By the end of January we could see Ethereum up 30 to 40 % from where we are today.

Comment:

If we break above $150 we could see a quick move to the $190 range.

Comment:

Getting ready to break higher.. Should see it this next week.

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