My last ETH update was only 25 days ago, but since then the price of ETH has nearly doubled. This is because of a huge extension in green wave 3:

ETH is being used a lot now as a means of transferring large amounts of money from one wallet/exchange to another. This is mainly because BTC transactions are extremely expensive and very slow right now. DASH, BCH and XRP received similar spikes in transactions because of this BTC issue. This will not end well for BTC if they don't fix the scaling problems soon.

But it could be good for ETH and other coins. Will 2018 be the year where ETH overtakes BTC in marketcap? I don't think so, but it is a possibility.

This is only day 12 of 2018, so there are still lot of surprises waiting for us.

If you think this to be useful information:


Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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