The bullish prediciton in the crypto space continues, and they involve Ethereum as well, not only Bitcoin.
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $4,131.88.
The popular analyst that we mentioned in an article earlier today who addressed some pretty bullish predictions about the price of Bitcoin is also addressing the price of Ethereum. Check out what he has to say about this.
ETH bullish prediction
He is predicting a massive Ethereum rally.
The trader is known in the industry as Altcoin Sherpa, and he just said that he’s keeping a close eye on Ethereum against Bitcoin (ETH/BTC) as he expects the pair to rally in the coming months.
“ETH: I think the ETH/BTC pair continues to range for the next few weeks/months before a huge move later this year/Q1.”
He continued and explained the following:
“This probably goes a little higher before making a lower high in the short term. Ethereum does not outperform BTC in the coming weeks, in my opinion. ETH/USD goes to [new] all-time high.”
As the online publication the Daily Hodl notes, according to the trader’s chart, he believes the ETH/BTC pair to correct in the final months of 2021 before igniting a huge rally by January.
Regarding Ethereum against the US dollar, Altcoin Sherpa believes it is poised to rally to around $4,800 by next month.
The analyst is not the only one who sees such a bright future for ETH.
the popular crypto analyst Justin Bennett thinks Ethereum (ETH) is gearing up for another major rally that could take the coin by nearly 400%.
ETH to reach $20k the next year
The analyst explained how Ethereum could rally to $20,000 by January 2022 if Bitcoin (BTC) allows for the right market conditions.
“If $BTC breaks $65,000 without a significant pullback first, $ETH probably matches it with a close above the May trend line. Would put ETH on track for $20,000 in January. This is my trigger to ape in more than I already am.”
Stay tuned for more news and keep your eyes on the market.