A popular crypto strategist and trader, Ethereum (ETH) He also stated that he is ready for an epic rally and he believes another smart contract platform is also ready for a price boom.
The analyst and trader, known by the nickname Smart Contracter, said on Twitter that Ethereum (ETH) is preparing for a massive rally against Bitcoin (BTC).
“ETH/BT is creating a very favorable situation for market dips, exiting a multi-month reaccumulation process and alternatives. 0.1 BTC ($4,885) followed by 0.14 BTC ($6,839) will arrive sooner than people think. Think of it as a bear market.”
At the time of writing, the ETH/BTC pair is trading at 0.086 BTC at $4,201.
Smart Contracter also thinks Ethereum is in an uptrend against the dollar. Before the deep crypto correction that took place last weekend, the crypto strategist predicted that Ethereum would correct up to $3,600. With the pullback gone, Smart Contracter believes Ethereum is now ready to rise to new record highs.
“He extended the capitulation to $3,600-3,800. I think we can now move on to new all-time highs.”
Another altcoin on the investor’s list is the smart contract platform and Ethereum competitor. Avalanche (AVAX) it happened. According to Smart Contracter, AVAX is now poised to rally to fresh all-time highs against the dollar and Bitcoin (AVAX/BTC) after successfully retesting key demand areas in both pairs.
“Crazy drops are scattered all over the place but at this stage, he’s picked up some AVAX. It is very difficult to pull the trigger after such a fall, but it has to be done.”
According to the charts by Smart Contracter, AVAX could climb as high as $160 this month and hit above 0.0025 BTC ($122.13) in the Bitcoin pair in the same time frame.
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.