A bit of fun - until it isn't.
I do expect ethereum to have a third wave before it halts on the growth front (maybe indefinitely) but I always thought it would stop around 0.3btc.
Interesting fib behaviour in the past mixed with long term previous support and resistance could suggest a top of somewhere around 0.55btc a coin but obviously it would be more about USD value and the price of bitcoin could drastically change and throw this chart out.
Realistically though, a $600bn marketcap for ethereum doesn't sound too crazy and would mean around $6000 a coin, also says potentially a lot about bitcoin, where i could see over $1.2tn marketcap.
I do expect ethereum to have a third wave before it halts on the growth front (maybe indefinitely) but I always thought it would stop around 0.3btc.
Interesting fib behaviour in the past mixed with long term previous support and resistance could suggest a top of somewhere around 0.55btc a coin but obviously it would be more about USD value and the price of bitcoin could drastically change and throw this chart out.
Realistically though, a $600bn marketcap for ethereum doesn't sound too crazy and would mean around $6000 a coin, also says potentially a lot about bitcoin, where i could see over $1.2tn marketcap.