Home Altcoins News Is an Ethereum (ETH) Supply Shock Anywhere Around the Corner?

Is an Ethereum (ETH) Supply Shock Anywhere Around the Corner?

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How high could the price of Ethereum could go? Many of them are very bullish about the technology, and there are some crazy Ethereum price predictions doing the rounds. It is good to not take anything as a financial advice as far as price is concerned.  Good to take things with a grain of salt.

For clarity, a supply shock is an unexpected event that suddenly changes the supply of a product or commodity, resulting in an unforeseen change in price. Supply shocks can be negative, resulting in a decreased supply, or positive, yielding an increased supply; however, they’re often negative.

Some of them a predicting an Ethereum Supply Shock considering the current price trends. Many feel that the ETH RSI is overbought and that there will be a pullback soon.

Some of them believe that because of all these “big boys” JP Morgan, Wells Fargo, Goldman Sachs, etc., have led to the market pump in a real genuine way.

Some of them feel that ETH is well under valued and that it has done the heavy work load for block chain, and crypto, even when it hits 40k it will still be undervalued.

It is very true that there is no other public blockchain protocol which operates at the scale of Ethereum. However, it is important to know that Ethereum is a decentralized world computer and it costs power to run it and there is gas fees.

Many of them are thinking that it is possible for Ethereum to reach $10,000 at some point; however, the challenge is to identify at which market cycle that might happen. ETH has been going up independent of what has been going on with Bitcoin.

There are many who are wondering if it is only 10k and on whether the cycle is over or is there still room to grow? There are a whole bunch of people who are wondering if they need to pull out of their trade cashing out their benefits of if they need to hold on.  Seasoned traders feel that it is not wise to trade this bull market and that investors should hold in case it can mean some life changing money or multi x returns.

With the price of ETH climbing up it just looks like the BTC world is boring.  The ratio of the BTC vs ETH is particularly interesting for those who are trying to get some flipping done.   The BTC price is not doing a lot at this time, it is kind of bearish.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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