Thursday, 2 January 2020

Ethereum Could Soon Pump 100% To $260, According To Analysts



A trio of analysts have predicted big gains for the number two cryptocurrency by market cap, Ethereum, in the next few months. One even suggested a replay of his 100% surge prediction from early last year, in a tweet on Jan. 01.

Falling wedges break upside 68% of the time


Last week, analyst Manu Naik pointed out that the ETH/USD 1-day chart was in a falling wedge. These break upside 68% of the time, he said, and $128 is at the lower limit.
The falling wedge is still in play, and we are still at the lower limit. Which means that Naik’s prediction of a potential upwards breakout to $240 by mid-January could still be on the cards.


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