ETH Set to Soar Past $2000 by This Analysis

There are a myriad of tools at the disposal of blockchain researchers trying to predict future price movement based on chart patterns.

Today we take a look at an analysis of Ethereum done by @carpenoctom.

Our fellow employed the 100EMA/100SMA plots looking for crossing over points during the exchange lifetime of Ethereum.

The 100 day exponential moving average (EMA) is a weighted average that emphasizes more recent price changes during the time interval. The SMA averages prices evenly along the interval.

The analysis finds that since ETH launched the 100 EMA/100SMA lines have crossed only 4 times with a 5th cross happening imminently.

The two crosses that occurred during an uptrend presaged a huge surge of over 10x price increases.

If this analysis turns out to have predictive value, it is possible ETH will surge past $2000 within the next 3-4 months.

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