Crypto analyst Smart Contracter, who is famous for his accurate predictions, talked about the altcoin project that can rise significantly, surpassing Bitcoin.
Smart Contracter expects better performance than Bitcoin for this altcoin
For the analyst’s successful forecasts cryptocoin.comYou can take a look at this article. Smart Contracter has included the altcoin in its current analysis, which it expects to rise significantly, surpassing Bitcoin. In his analysis, he says that a significant price floor has been set for the pair (ETH/BTC) against which Ethereum is compared to Bitcoin and now has the potential to experience a sustainable uptrend.
The crypto analyst also revealed his expectations that Ethereum could rise to historic highs in the short term. Seeing the bottoms of 2023 in the 0.062 BTC and $ 1,879 region, ETH/BTC may be in a position to witness a continuous uptrend in the coming months.
According to Contracter, “So far, ETH/BTC has dropped to a low peak at 0.062 four months ago, exactly as I predicted. The best part is, I think it’s trading above $0.10 ($3,032) by the end of the year.”
next levels
Ethereum is showing a bullish ETH/BTC pair, gaining in value faster than Bitcoin. Currently, the ETH/BTC pair is trading at $2,092, corresponding to 0.069 BTC.
Looking at the weekly chart of ETH, Smart Contracter says that ETH has broken a key resistance level and surpassed the 300-day range, which has been holding a downtrend for nearly a year. “ETH broke out of the 300-day range with a mega-strong weekly close… It’s time to recover from post-traumatic stress disorder and get back to the good old days mindset,” the analyst wrote on Twitter.
Smart Contracter predicts that Ethereum could climb up to the ATH level of $4,800 after its latest boom. “Don’t tell me this isn’t going to hit an all-time high,” the analyst says, avoiding skepticism.
Could the Shanghai rise attract more buyers for the leading altcoin?
Shanghai took the stage with the surge above $2,000, proof of ETH’s rise. In the four days following the launch of Ethereum’s Shanghai upgrade, crypto exchanges recorded a net inflow of 179,500 ether (ETH), worth around $375 million.
According to CryptoQuant statistics, investors deposited 1,101,079 ETH on exchanges between April 13 and April 16, but only issued 921,579 tokens. This was also the largest four-day net inflow of the month.
For the first time since August, Ethereum, the market’s second-largest cryptocurrency, has surpassed $2000 on the charts. Although the optimism seems to be dissipating, the value of ETH is still trading in the $2,000 region. The recent rally was particularly interesting as the price of ETH more than doubled after dropping to around $880 in June 2022.
However, the speculations about Shanghai were not without reason. It was considered normal, especially since the value of ETH was just over $3,700 a little over a year ago. ETH, which exceeded $ 2,000 with Shanghai, is currently losing around 5%, accompanied by the market overall.
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