It’s been just revealed the fact that Ethereum will see a monster rally soon. Check out the latest predicitons about the digital asset below.
ETH price prediciton is revealed
Accoridng to the latest reports, it seems that the popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom is predicting a massive rally for Ethereum (ETH).
The pseudonymous analyst Smart Contracter said recently that Ethereum appears to be at the end of a correction and ready to surge.
“ETH/BTC just took out a six-month low, only 3% lower before my major buy zone.
Not the circumstances I was expecting this to happen under (I thought ETH and BTC would be falling but ETH more so) but there’s no chance I’m missing the monster ETH rally that’s coming.”
Looking at his chart, the analyst shows ETH/BTC in a downward correction and about to tap the crucial 0.618 Fibonacci retracement support, which traders see as a likely point for a bounce.
At the moment of writing this article, ETH is trading in the green and the coin is priced at $1,792.
Bitcoin breakout is near
There are all kinds of predictions about the price of Bitcoin lately. At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $26,327.
A widely followed crypto trader is sure that Bitcoin (BTC) will soon break its macro downtrend.
Pseudonymous crypto analyst Rekt Capital said recently that traders should keep an eye on BTC to break the trend soon.
“BTC will break the Macro Downtrend sooner rather than later.”
The analyst continues, explaining further what exactly breaking the downtrend will mean next for the king crypto. According to the trader’s chart, BTC’s imminent trend break will spur a new “macro money flow cycle.”
“When BTC breaks the Macro Downtrend…
It will kickstart a new macro Money Flow Cycle.”