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Bitcoin and Ethereum New Price Predictions Are Out

A popular crypto analyst is addressing the price of Bitcoin and Ethereum amidst the market recovery. Check out the following reports below.

Bitcoin and Ethereum price prediction

A popular crypto strategist just predicted the potential price for Ethereum (ETH) while mapping out a bullish path for Bitcoin (BTC).

In a new strategy session, pseudonymous analyst DonAlt says he’s keeping a close watch on how Ethereum reacts at the $1,700 level.

DonAlt predicted that ETH will hit $1,700 resistance en route to his target of $2,500.

“What we’re doing right now is basically we reclaimed that entire breakdown, so for me this is basically an entire reclaimed setup into like resistance but one that’s been tested before and one that’s been tested very, very recently. I don’t think $1,700 is going to do much [as resistance]. I could be completely wrong… But for me, it just looks like it wants to teleport up…”

He continued and said the following:

“Even though it’s resistance, I’m expecting upside.”

The crypto strategist also says that ETH looks bullish for the near future:

“Look at that [monthly] candle and how great it’s shaping out, just pretty much exactly what I wanted to see. You have great monthly candle (July) followed by one that gets people freaking out (August) and then you just keep on going along. That is a look I haven’t seen in a while for ETH… Now, it’s starting to look kind of good again obviously because of a narrative shift and a new narrative in town.”

At the moment of writing this article, BTC and ETH are trading in the green and ETH has already managed to hit $1,700.

The latest reports reveal that the Cardano (ADA) creator Charles Hoskinson is warning that new recommendations by the US government do not bode well for Bitcoin (BTC) and other cryptos. Check out our previous article to learn more. 

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