The Ethereum price is $2,047.16, a change of -2.94% over the past 24 hours as of 6:00 p.m
#crypto #CryptoNews🔒📰🚫 #CryptoNovember #Prediction

Arthur Hayes Says Ethereum Could Explode by Over 4,600%, Doubles Down on $1 Million Bitcoin Prediction 🔥💪

BitMEX co-founder Arthur Hayes is doubling down on his massively bullish Bitcoin (BTC) predictions while forecasting that Ethereum (ETH) could hit a six-figure price.

Hayes says that the time to turn bullish on crypto is “now” while unveiling a target of $100,000 for Ethereum – an increase of about 4,669% from the current level.

The BitMEX founder also reiterates his prediction that Bitcoin will hit $1 million.

In a new blog post, Hayes further says that as currencies debase across the globe, the “smartest trade” would be “going long crypto.” According to the BitMEX founder, Bitcoin and Ethereum are “crypto’s reserve assets” while “everything else is a sh*tcoin.”

Besides Bitcoin and Ethereum, Hayes says there are other opportunities that exist in the crypto space offering the potential of higher returns at a greater risk.

“Then, we get to other layer-one blockchains that claim to be an improvement on Ether. Solana is an example. These all got beaten up real bad during the bear market. As such, they will levitate off extreme lows and provide great returns for intrepid investors. But, they are still all overhyped, me-too, pieces of sh*t that won’t overtake Ethereum in terms of active developers, decentralized applications (DApps) activity, or Total Value Locked.

Finally, all manner of DApps and their respective tokens will pump. This is the most fun, because down here is where you get the 10,000x returns. Of course, you’re also more likely to get rugged, but where there is no risk there is no return.”

Ethereum is trading at $2,097 at time of writing while Bitcoin is worth $37,083.
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Ethereum price must hold above ascending trendline to realize upside potential

Ethereum (ETH) price is showing weakness, but the overall trend remains bullish. To realize more gains, the second largest cryptocurrency by market cap must hold above the ascending trendline, which could deliver 5% gains for a test of the $2,136 range high. In a highly bullish case, the gains could stretch to the $2,200 psychological level.

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Bitcoin price eyes 5% slump unless a spot BTC ETF launches

Bitcoin (BTC) price could fall 5%, or not, depending on what the US SEC decides to do in the next three days. Whether it will be a yay or nay in regard to the spot Bitcoin exchange-traded funds (ETFs) will be the determining factor as the detailed eight-day window closes fast.

Meanwhile, a 5% slump seems likely for Bitcoin price amid falling momentum. It comes amid buyer exhaustion after BTC was massively overbought. With the Relative Strength Index (RSI) and the Awesome Oscillator (AO) supporting the downside, BTC could slide to test the support confluence between the 25-day Exponential Moving Average (EMA) and the horizontal line at $34,483 before a possible bounce.

In a more dire case, the slump could crack past $34,483 to test the 50-day EMA at $32,332. Selling pressure could see Bitcoin price lose critical support at $31,190. A daily candlestick close below this level would invalidate the bullish thesis.

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Is Ethereum once again a victim of its own success?
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what you think 🤔 guys ?

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