This Price Analysis has two main factors:-
- As the demand for more decentralized services continues to grow, Ethereum will benefit from the success of the altcoins which are run on its platform.
- Paypal increased buying capacity from $10K to $15k after having a huge demand, it is 2-3 times more of what they expected. There are 346 million active PayPal accounts worldwide.
Ethereum is currently at $406.10
Stay Long Above $350
Target: $500 in 1-2 Months.
Bullish trend to continue over the next five years.