Top Crypto Analyst Says Ethereum Rival Primed for Price Explosion, With ETH Itself Set for Monster Rally
Source: Daily Hodl Staff
A popular crypto strategist and trader says Ethereum is primed for an epic rally and predicts that another smart contract platform is poised for a price eruption.
The pseudonymous trader known in the industry as Smart Contracter tells his 195,500 Twitter followers that Ethereum is primed for a monster rally against Bitcoin (ETH/BTC) after the pair broke out from a large bullish continuation pattern.
“ETH/BTC breaking out of a multimonth reaccumulation on a marketwide dump seems pretty bullish for alts in my opinion. 0.1 BTC ($4,885) and then 0.14 BTC ($6,839) will come sooner than people think. Imagine thinking this is a bear market.”
At time of writing, the ETH/BTC pair is trading at 0.086 BTC, worth $4,201.
Smart Contracter is also bullish on Ethereum against the US dollar. Prior to last weekend’s deep crypto correction, the crypto strategist predicted that Ethereum will correct all the way down to $3,600. With the pullback out of the way, Smart Contracter believes that Ethereum is now ready to rally to new record highs.
“Longed the capitulation between $3,600-$3,800. I think we can proceed to new all-time highs now.”
Another altcoin on the trader’s list is smart contract platform and Ethereum competitor Avalanche (AVAX). According to Smart Contracter, AVAX is now primed to rally to fresh all-time highs against the US dollar and Bitcoin (AVAX/BTC) after successfully retesting key areas of demand in both pairs.
“Savage dumps across the board but picked up some AVAX here. Super hard to pull the trigger after such savagery but it has to be done.”
According to Smart Contracter’s charts, AVAX could soar as high as $160 this month, and it can climb above 0.0025 BTC ($122.13) in its Bitcoin pair within the same timeframe.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Elena11