In this video I take a look at the ETH all time historic chart and use three ways to come up with potential targets for the current run.
- I look at the "steps" Ethereum has formed in the past and analyze the step size in the historical charts to come up with a target of around 5K
- We look at time of the runs in the past and project the price accordingly in addition to the trend channel to come up with around 2K
- We look at the Mayer multiple and where it has gone in previous runs to come up with $1800.
One of my viewers has pointed out that the Mayer multiple target should likely be higher as the 200MA will likely be 400 when the run ends and as such be more around $2400
This is a valid point.
Overall these targets seems very crazy especially since this should happen within a few weeks to months and the price of ETH seems already be staggering.
But I think we as humans have trouble understanding exponential growth and it is important to take step back and look at the charts and sometimes just accept what we see.
I hope it will help you to profit.