for me it is still long way to go,
look at here ;
https://twitter.com/MoonOverlord/status/1038268544805429248that chart shows suits me really well,because i heard many bad thing from ETH on internet such as putin asked vitalik to meet him to talk about 'opportunities' and others.
i really hate a centralized cryptocurrency and right now ETH is trying to move that way so badly.
so if i were you,i will short it or it'd be better for you to stay away from it right here and now.
Interesting chart. I also think we go down to 40-50 because the levels shown in the chart had not been traded at all. We just woow them up like crazy crowd.
But the trick is how we will go to 40-50. We could first reach 1000 and then fall deeper than we see now.
there will be no trick,
because people are hating it lately,just type $ETH on twitter and you will see that many people talked a shit about this.
or try to find it on Reddit about it.
it might go up,but it won't go that higher because they are lacking a fresh money to pump it that higher if we are calculating it based on our current Bitcoin's price.
it is possible to reach that,if Bitcoin hits $100.000.
but it's totally impossible to reach that if Bitcoin does not make any breakout or stay same at this current level.