Ethereum is having some strong trading action recently following the alpha Casper testnet launch. If you've followed this channel a while, you know I've been bullish on Ethereum for a while and have been buying at various levels from 0.05 BTC all the way down to 0.03 BTC.
I've moved some of my ETH into BTC at around 0.0575 BTC because this was a price target I set a long time ago and because I think Bitcoin is becoming undervalued relative to altcoins in general. I still hold the majority of my Ethereum position and plan on next converting into BTC at around 0.075 BTC.
I remain bullish on Ether moving into 2018. I suspect the future move to proof of stake will lead many wanting to increase their Ether holdings and we might see more derivatives based on Ether in the traditional financial markets. Ethereum is right behind Bitcoin in terms of institutional interest and hence there will likely be a push to see more financial products based off of it. Furthermore, I suspect we should see some strong applications built on the network in 2018 which will increase its value.
What are your thoughts moving forward on Ethereum? Thank you for watching / reading.
P.S: Expect a video later today talking about Raiblocks - and expect my normal self to crush any hopes and dreams you had associated with it...