Some news is coming out as Ethereum crosses into $1,000 per coin that it is over bought.

But is it really?

Lets take a look into some things that make me feel Ethereum should be crossing $2,400 in no time.

1. Ethereum is going to POS soon

POW is going out the window and POS will be taking place for Ethereum this year.

What does that mean?

The more ETH you hold in your wallet the better chance you have of earning more by being randomly selected to process a transaction. This is called POS (Proof of stake)

This will make owning ETH that much more popular to want to have more in your account.

2. Ethereums Market Cap Just 100 billion

ETH has a long way to go still with Bitcoin being worth 251 billion thats 150X Ethereum should go as it becomes more adopted. It does process about 5x more transactions then BTC (Sorry you BHC fans but BHC is a dead duck in my opinion)

With ETH hitting a market cap of 251 Billion and higher we would see values per coin at about $2,400 per coin.

3. Continued Advancments

ETH went though a successful fork last year that did not end up in a fork. Good news it means they can do it again and again and again now and continue to grow and evolve their block chain. This is a serious group of developers that is decentralized unlike Ripple.