Big Money Takes Ether To The Moon
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You Heard It Here First
About six weeks back we launched this Big Money Crypto service with the clarion call, “Everything Is Token”. Here’s our first post, dated,
Alex King
We said that Wall Street had embraced - nay, captured - the Ethereum blockchain for its own purposes, and that as a result Ether was likely to move up with gusto.
Today, six weeks later, the Wall Street Journal said this:
Between our call and the WSJ, here’s what happened to the price of Ether.
What's more, I don’t think we’re done yet. Ether has traded according to Wall Street patterns for some time now, and if we look at the present zoomed-in chart, we believe the near-term top for this cycle is probably in the $5600-$6600 level; Ether is currently sat at around $4800.
You can open a full page version of this chart, here.
Note we have raised our Wave 5 target to reflect the present very bullish movement. We assume in our chart that the selloff starts now and that Ether drops back to $3800 before starting another run up. If Ether keeps climbing in this current Wave 3 then that probably means a higher Wave 5 target.
Now, in the light of this strength in the underlying I want to get into what is going on in the Ether Treasury Companies - Bitminer, SharpLink and others. Let’s take a look at their underlying net asset value, their stock charts, and were we think they may be valued in due course.
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