Post
Topic
Board Speculation (Altcoins)
Re: Do we see 5k Eth price by end of the month
by
YinShuiSiYuan
on 29/11/2021, 23:17:27 UTC
ETH is still in a long term uptrend.

I think that it is a matter of time before we do see a sharp rebound in price given how well other alts who have much less adoption have done.

However, it is futile to try to predict exactly when this is going to happen. It could happen today, tomorrow, or in 4 years time. TA is not going to serve you any purpose here.

At the moment, as you wrote, Ethereum is still in the up trend, but I don't know if that will change in a moment. I think a lot depends on how the fork is going to be successful, which should be at the beginning of next year. If all goes well, $6,000 will be easily achieved. However, if problems do arise, for sure a lot of people will lose trust in Ethereum and transfer their funds to BNB and ADA.