I have been seeing the people flout the target of $20,000 for Ethereum, so thought I would have some fun at trying to predict how it might get there!!
1) ETH starts run bull Dec 2016.
Pumps approx 7057%
2) ETH the retraces approx 70% to a price of approx $130.
Draw a fib retracement from the high of the pump at $422 to the bottom at $130
The 4.236 then lines...
Hopefully we bounce off the 0.5 fib and stay above the red line. A close below is a case for the bears and we head further south.
Am hoping the was just a shake out and we can plough on through to 4800-5000
