Ethereum: A Bull’s Long-Term Dream Scenario

Key Points:

• The trader has been optimistic about Ethereum (ETH) for short-term movements but is here to address long-term potentials.
• The first predicted stage is a sell-off after hitting the $3700 price mark.
• Following this, a surge is expected to take the cryptocurrency to its all-time highs (ATH).
• Post reaching ATH, the trader predicts a bear market spanning nearly two years, but assures that the price would not plunge beneath $900.
• Finally, an upward trajectory is anticipated to take the price of Ethereum to $12000, which he stipulates as ‘programmed’.

Hot Take:

While the trader’s bullish foresight for Ethereum exhibits sheer optimism, this prediction should be taken with a grain of salt. The world of cryptocurrencies is known for its volatility and unpredictability which makes any projection uncertain. Above all, he emphasizes a disturbingly long bear run, which could be disconcerting for some investors. However, if his prophecy of Ethereum hitting $12000 is accurate, it might just be worth the bearish turmoil. Given the ongoing institutional acceptance and technological advancements around Ethereum, these figures might not be too far-fetched. Nonetheless, one should always tread carefully, keeping the potential risks and rewards in mind.

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Original article: https://www.tradingview.com/chart/ETHUSDT/MMOFYFRU-ETH-long-term-game-theory/