One of the crypto world’s followed analysts and trader predicts that the two altcoins, which are among the largest cryptoassets by market cap, are poised for a strong rally.
Smart Contracter The analyst, known by the pseudonym, is the premier smart contract platform, with a Twitter account of over 180,000 followers. Ethereum‘Fame (ETH), thinks it will debut against Bitcoin (ETH/BTC).
“ETH/BTC If not now, when?”
According to Smart Contracter’s chart, the pair could clear the diagonal resistance and climb above 0.14 BTC (currently $8,913), a level reached at the end of the last 2017 bull cycle.
Ethereum (ETH) currently trading at $4,650 Bitcoin (BTC) It is trading at $64,800.
Late last month, the analyst ETH/BTC He stated that he has left a major “reverse head and shoulders” formation (IHS), a technical pattern that indicates the start of an uptrend in the pair, and stated that he thinks Ethereum could reach a price of $10,000.
“ETH/BTC has experienced a major reversal head and shoulders pattern breakout even after a three-year foundation. It’s been a bit boring the last few months, but sorry, it was in the process of reaccumulating for a big uptrend. ETH $10,000 is not a joke!”
Binance Coin (BNB) Talking about it, Smart Contracter stated that the native token of the leading crypto exchange, BNB, is still on its way to above its all-time high of $800.
“BNB still looks great, ATH is still 100% in play I think.”
While Bitcoin was still trading above $5,500 in June 2018, Smart Contracter predicted that BTC would drop below $3,200 shortly, and BTC dropped to $3,150 after about six months. Let’s see if the analyst’s predictions that ETH will strengthen against BTC will be successful.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.