Closely followed strategists believe that Ethereum (ETH) is preparing for an impressive rally that will outperform other crypto markets.
Justin Bennett To tell His 90,400 Twitter followers have set ETH on the Bitcoin (BTC) trading chart to make the second cryptocurrency towards the BTC levels of 0.105 and 0.160, which is equivalent to about $ 6,000 and $ 9,100 at the time of writing. I was able to see it jumping.
“ETH / BTC seems ready.
I think ETH will be above almost everything in the coming weeks. “
Analysts when considering broader crypto trends suggest In addition to BTC, ETH can also provide investors with clues as to where the market is heading.
“Everyone wants BTC for clues about this cycle, but what if ETH becomes a leading indicator?
With a market capitalization of $ 5 trillion and a market capitalization of 19%, Ethereum has never given in. Time to pay equal attention to both, [in my opinion].. “
Next Bennett diving To the price level of Ethereum. He cites $ 4,000 as important support and sees the $ 4,600 breach as an opportunity to occur at a much higher level.
“The chances of ETH are low above $ 4,000. It looks bullish to me.
$ 4,400 is resistance. Above $ 4,600, we are the moon. “
At the time of writing, ETH was valued at $ 4,245, down 2.45% on the day.
Go to Top Crypto, Justin Bennett To tell Bitcoin should hold $ 55,000 and exceed $ 60,000 if it wants a bailout rally after recently falling from a record high of over $ 68,500.
“BTC looks pretty good here for a relief rally back in the $ 63,000 area.
You need to keep the line at $ 55,000 and pass $ 60,000. “
Follow up TweetBennett remains optimistic as long as BTC can fight beyond the red candles on the chart.
“BTC, so far, very good.
If you break this 4-hour trend line, we will start a business. “
Bitcoin is changing hands at $ 57,097 at the time of writing.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors need to do due diligence before making risky investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are your own responsibility and any losses you may incur are your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets. Also, Daily Hodl is not an investment adviser. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock / Ellerslie