Ethereum is on its way to $20,000
Breaking🚨:🚀🚀🚀A week ago, the price of ETH surpassed the $4,000 per coin mark for the first time since March. Further, it is clearly targeting the November 2021 ATH update.
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DeFi sector grows and Ethereum overtakes Bitcoin - what's going on? 🤑Investors are «on the plus side»:💥 In the last week of November, Ethereum rose 5% — the best result among the top 5 cryptocurrencies.When the price exceeded the $3,550 level, investors in spot ETH-ETFs finally went «into profit» — these are the levels seen at the beginning of trading in exchange-traded funds on July 23, 2024
From November 22 to 27, net inflows into ETH-based ETFs totaled $225 million, which is $190 million more than inflows into Bitcoin ETFs.
📑Exchange-traded funds as a paradigm shift: 🎁Since the launch of spot ETFs on Bitcoin and Ethereum, the crypto market has changed: whales from the traditional sector are willing to invest in these exchange-traded funds, but no more.
🔥If earlier capitals from BTC went into Ethereum, Solana and other alta, then from ETFs on BTC and ETH they will flow into «non-crypto»: stock market, currencies, real estate.The influx of money into ETH-ETFs is clearly due to bitcoin's local overbought: it has already updated ATH, while ETH has not yet.
📈Expert Predictions:🚨 towards $20,000: Trailers who trade by technical analysis have already seen a bunch of patterns that signal further mega-growth of ETH in the next six months.
«Cup and Handle», «Ishimoku Golden Cross», and other patterns on weekly charts show growth towards levels above $6,000 and all the way up to $7,200.
💥👉 Will it come true or not - I think so. On the one hand, the fundamental background disposes to growth. On the other hand, technical analysis on charts without half a century of history can be significantly wrong.
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