Always remember this notice:
More than two months ago, I expected the price of Ethereum to exceed $ 500... The forecast was not really difficult... At that time, Ethereum had succeeded in breaking the $ 400 barrier and continued its bullish wave after a usual fluctuation and a natural decline.
I have written about Ethereum much more than Bitcoin, despite the appeal of the second compared to the first.
As I always say, I see that Ethereum still has a lot of development and happy surprises for its lovers.
In contrast to Bitcoin, which is slowly going to be kept in the cryptocurrency museum as an icon and symbol of this exciting world because Bitcoin is the godfather of all cryptocurrencies, including Ethereum and others.
This does not mean that Bitcoin will lose its value .. Rather, it will increase with the passage of time and become more like gems and precious stones, not gold, as some see!
Since my first prediction for Ethereum to reach $ 300 and then $ 400, the currency did not disappoint my expectations... And these expectations were more difficult than my expectation of exceeding $ 500... But when I said that it might exceed $ 500, I did not expect it to jump to break the 600 Dollars so fast.
The price of Ethereum reached $ 635 on December 1, the highest price achieved by Ethereum in its new bullish wave... On that day the price started at $ 615 and then reached $ 635 before retreating to $ 571 to close at $ 587.
After that, Ethereum never achieved this figure, and its highest price was $ 622, on December 3, but it did not last long as the closing price was $ 616, while the lowest price achieved by Ethereum on this day was $ 588.
Of course, we are accustomed to the fluctuation in the price of Ethereum and cryptocurrencies in general... They are like a piece of jelly that is constantly vibrating.. or it is more like raging sea waves... The wave rises up, but inevitably it will fall again to sea level to rise new...
But it is As for Ethereum, it did not fall to more than sea level, but it rises and then continues to rise after touching the sea level... As for the calm of the sea, it is unlikely and not found in the dictionary of Ethereum and Bitcoin of course!!
And now the usual question: What next ?!
My personal expectation is that there is another bullish wave on the way ... Ethereum is preparing for it at the moment ... it is descending to take a strong push to raise it to a higher level than its predecessor...
We have seen the highest wave of Ethereum has achieved $ 635... I expect that the next bullish wave will touch $ 650. Before you jump to $ 700.
When Ethereum reaches $ 700, it will have reached as far as this bullish wave can reach... This is my personal opinion...
The wave will then bounce back to the water level, but it will not settle on this position much...
Because the surface level itself will decrease so that Ethereum will start in The decline, perhaps to less than $ 400...
We can say that it will reach, for example, $ 380 ...!!
And this situation may continue for a long time before Ethereum returns to a new bullish wave that may repeat what happened two years ago when its price reached $ 1,432, which was on January 3, 2018.
I think that I do not need to remind you that the above is nothing but a personal expectation no person should base his decisions on it... whether in buying, selling, investing, or otherwise.
You alone are responsible for bearing the result of any decision you make in this regard... I hope that this is clear to everyone.
Image sources: pixabay
