ETH vs USD
The hype around Ether:
"New ATH and Goldman Sachs predicts $ 8,000 per Ethereum (ETH) by the end of 2021, CME futures launch on December 6 and Altair Upgrade. Is it worth buying?"
Indeed, if you look at the latest news feed, you get the impression that not buying the "main altcoin" now is stupid.
1) Updating ATH. Of course, this is a signal that we have an upward trend, which means it is more likely that we will continue to grow. But pay attention to the MACD indicator, we have accumulated a decent divergence (the price is updating its highs, but not the indicator, marked with a black descending line), this is a prerequisite for the fact that the upside potential is running out.
2) Launch of CME futures. Do you remember what happened to Bitcoin when, in 2017, big capital got the opportunity to “open short” on the platforms familiar to it? Why can't the same thing happen to the Ethers this time?
3) Goldman Sachs predicts Ether growth to 8k. This is a very convenient prediction because if we buy ETH from the current ones, we will get a ratio of 1 to 2 (Our risks will be lower than the previous minimum, marked with a red checkmark)
But why exactly 8k? Let's highlight the Incredible 6k or this range (red rectangle on the chart) is a much more realistic target at the moment, especially with such the divergence. In this case, such a purchase will not be the best decision since our deal ratio will be extremely unprofitable.
Total: At the moment, despite all the positive background, buying Ether at the current values will not be the best idea, despite the fact that the growth may well continue.
The hype around Ether:
"New ATH and Goldman Sachs predicts $ 8,000 per Ethereum (ETH) by the end of 2021, CME futures launch on December 6 and Altair Upgrade. Is it worth buying?"
Indeed, if you look at the latest news feed, you get the impression that not buying the "main altcoin" now is stupid.
1) Updating ATH. Of course, this is a signal that we have an upward trend, which means it is more likely that we will continue to grow. But pay attention to the MACD indicator, we have accumulated a decent divergence (the price is updating its highs, but not the indicator, marked with a black descending line), this is a prerequisite for the fact that the upside potential is running out.
2) Launch of CME futures. Do you remember what happened to Bitcoin when, in 2017, big capital got the opportunity to “open short” on the platforms familiar to it? Why can't the same thing happen to the Ethers this time?
3) Goldman Sachs predicts Ether growth to 8k. This is a very convenient prediction because if we buy ETH from the current ones, we will get a ratio of 1 to 2 (Our risks will be lower than the previous minimum, marked with a red checkmark)
But why exactly 8k? Let's highlight the Incredible 6k or this range (red rectangle on the chart) is a much more realistic target at the moment, especially with such the divergence. In this case, such a purchase will not be the best decision since our deal ratio will be extremely unprofitable.
Total: At the moment, despite all the positive background, buying Ether at the current values will not be the best idea, despite the fact that the growth may well continue.