The analyst, who is famous for selling Bitcoin at the peak price, Ethereum He made an exciting prediction for (ETH). Here are the details that the analyst drew attention to.
Known as DonAlt, the analyst shared his views on his Twitter account, which has close to 450,000 followers. The analyst compared the price ratio of Ethereum to Bitcoin. According to DonAlt, ETH dominates other altcoins in terms of this rate. stated.
If we consider it in terms of the same time period cryptocurrency We have never seen such a dominant coin in its history. Frankly, this really impressed me. You need something like this if you want to dominate the altcoin market.
According to DonAlt’s chart, it is possible to interpret that since June 2021, ETH/BTC has been trading in the range from the low of $0.569 to the high of $0.0850. At the time of writing, Ethereum was trading at $1,263, or ETH/BTC at $0.0751.
Following Ethereum and Litecoin
DonAlt also continues the bullish sentiment for Litecoin (LTC). The analyst stated that if it breaks the $80 resistance level, LTC will target $100.
No more hassle over $80 than $100. It was still a long, fairly quiet ride. Nothing has changed, my LTC trade will be a high time frame swing trade. Please stop asking me for an update every 10 minutes, please stop asking me where to short it.
DonBottomannounced that he bought an undisclosed amount of Litecoin at $60 in November, sold an undisclosed amount of less than $77, and bought it again at $70.