A team of 3 researchers has reportedly published their forecast, claiming that major incline will occur, regarding the market cap value of the top 2 digital coins globally – Ethereum – in the next months. 

Specifically, in the last week of 2019, researcher Manu Naik has notified, via his blog post, that the ETH/USD daily chart is experiencing a “falling wedge pattern”. Such “patterns” have resulted in an upward trend 68% of the time, with $128 is at the lower limit.

The falling pattern is still occurring, which still keeps the price at its lower limit. This means that the forecast published by Naik, concerning a possible upward trend, shooting up to $240 could still be at play. 

As for researcher Scott Melker – who was awarded the title “The Wolf of All Streets” – took to Twitter to share his belief on New Year’s Eve, claiming that Ethereum has a more promising prospect, compared to Bitcoin, for the time being. 

He later provided evidence for his prediction on January 1, with a ETH/BTC chart, emphasizing the trading range belonged to Ethereum against Bitcoin, from the July timeframe up till now. 

Per the chart, currently, the Ethereum range is witnessing a rebounding increase, due to an extensive amount of support received, giving it the necessary push to achieve a better position. 

“pretty sure we’re gonna bounce big time in the next 3-6 months.” The final researcher, DonAlt, shared on December 31.