Strong Rally Incoming for Ethereum (ETH), Predicts Popular Crypto Strategist Heres His Target

Widely tracked crypto analysts believe that the leading smart contract platform, Ethereum (ETH), is beginning to show signs of strength and is preparing for a large rally.

Pseudonym crypto strategist Altcoin Sherpa told 180,200 Twitter followers that Ethereum will see a huge surge within a few weeks after ETH removes resistance for $ 1,281.

Cryptographic analysts are bullish at the top of Altcoin in the short term, but warn that Larry is unlikely to start a new bullish cycle.

“There are several levels here. I think we’ll see something like $ 1,700- $ 1,900 in the coming weeks. In my opinion, this isn’t a macro reversal, it’s just another bear market rebound. The index moving average turned bullish on the 4-hour chart for the first time since the end of March... “

At the time of writing, Ethereum is exchanging hands for $ 1,356. The transition to the Altcoin Sherpa target shows the potential for an increase in ETH of over 40%.

Looking at Ethereum against the major digital asset Bitcoin (ETH / BTC), crypto strategists say the pair is burning its immediate resistance.

“If ETH / BTC Although it has bottomed out in the short term, I think Altcoin has been doing a little mini-run for a few weeks. But I haven’t personally seen this as the bottom of the macro yet. I think these mini bear markets will meet every few months. “

Traders use ETH / BTC charts to measure how altcoin works against Bitcoin. The bullish ETH / BTC chart suggests that Altcoin is likely to be ready to surpass BTC.

As of this writing, the ETH / BTC pair is trading at 0.064 BTC ($ 1,342), approaching Altcoin Sherpa’s next goal of 0.065 BTC ($ 1,363).

Don’t miss the beat subscribe and deliver encrypted email alerts directly to your inbox

Check price action

follow me twitter, Facebook When telegram

Surf the daily hoddle mix

& Nbsp

Check the latest news headlines

& Nbsp

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 transfer and transaction is your own responsibility and any loss you may incur is 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 TheDailyHodl participates in affiliate marketing.

Featured images: Shutterstock / Di Vanarte / monkographic