yarowtea

Long term ETH

Long
KRAKEN:ETHUSD   Ethereum
July calls for a 2500 ETH, about double todays price. That is an averaged +1.6% a day till early July. I did this same type of chart with BTC and it worked out so I figured I would do this for ETH and share. These days you can spend some massive gas fees and lock up some ETH in a gaining swap pair or interest paying loan. ETH can swap into WBTC and get you the interest and BTC gains. ETH is used to buy gaming upgrades, in games that can pay out in ETH. Once layer 2 takes some of the pressure off gas and ETH supply there could be a breakdown in the parabolic rise to just a technology that replaces the old. Like BTC to 19k, once we break $1500 its that uncharted up up territory. The reason why is because the order books get thin. Right now I can see a week or 3 of stagnant price but that's really all.
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