According to the volumes and price action in the last months, the target for the next 6 months is $3200-3300 for ETH.
Considering the following aspects:
- The Cancun upgrade on the ETH chain;
- Possible Eth approval from May 2024 for ETH;
- The emerging narrative with Layer 2 on ETH;
- The ETH/BTC ratio is in a support zone;
I consider that 3200-3300 is a...
On December 20, 2023, the ETH/BTC ratio reached an important support, namely 0.049. As it touched the coins in the ETH ecosystem rose sharply, ARB, OP and others. My opinion is that we are at the beginning of the ETH Etf narrative that will be doubled by an upgrade in the Eth chain, namely Cancun. Targets on the ETH/BTC ratio would be 0.058, 0.064.
