Crypto Analyst Who Nailed 2018 Bitcoin Bottom Predicts Ethereum Pullback Heres His Downside Target

Cryptocurrency strategist who accurately predicted the bottom of Bitcoin (Bitcoin) warning Ethereum during the 2018 bear market (ethereum)holder.

Smart Contracter, a pseudonymous crypto analyst, told his 210,300 Twitter followers that Ethereum, the leading smart contract platform, was in a depletion rally to around $2,000 before losing more than 36% in value from its highs. He says it looks like he’s on his way.

If ETH hits a new high over the weekend, it could complete a daily 5 wave and hit a new week high when the legacy market opens. should present a long-term buying opportunity around $1,270.

At the time of writing, Ethereum is trading at $1,682, down 3.07% for the day.

Fellow crypto analyst Pentosi agrees with the smart contract outlook on ETH. Pentoshi tells her 592,300 Twitter followers that she believes a correction is likely as Ethereum struggles to maintain momentum around key resistance areas.

“I love a good doji every week. What often happens after being in the resistance? You can make the argument that weaknesses have been shown in the resistance. You won’t believe what happens next.” .”

Smart Contracters and Pentoshi are bearish on ETH, but popular crypto strategist Altcoin Sherpa says Ethereum could maintain its bullish momentum if it breaks the $1,700 resistance.

Lets not complicate things. If Ethereum finds acceptance in this range, I think it has the potential to rally to highs in the high $2,000s. If this happens, everything will continue to rise.

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