It’s been recently revealed that there is a massive Ethereum surge around the corner. Check out the latest optimistic reports here.
According to the latest reports, a leading crypto analyst and trader is predicting that two of the largest crypto assets by market cap are primed for a rally.
The pseudonymous analyst who is known as Smart Contracter just said that the leading smart contract platform Ethereum is set to break out against Bitcoin (ETH/BTC).
“ETH/BTC when, not if.”
Smart Contracter’s chart is showing the fact that the pair could take out its diagonal resistance and rally to above 0.14 BTC ($8,913), a level last reached during the final leg for the 2017 bull cycle.
Ethereum is trading at around $4,600 while Bitcoin is exchanging at around $64,185 at the time of writing.
Late last month, the popular crypto analyst predicted Ethereum would reach a price of $10,000.
He also made sure to highlight the fact that the ETH/BTC pair had broken out of a large inverse head and shoulders formation (IHS) – just in case you don’t know, this is a technical pattern indicating the start of an uptrend.
“ETH/BTC is still huge IHS [inverse head and shoulders pattern] breakout after a three-year base. It may have been somewhat boring the last few months but make no mistake about it, this is re-accumulation in a monster uptrend. $10,000 ETH isn’t a meme.”
He also addressed a prediction about Binance Coin. Smart Contracter says the utility token of global crypto exchange Binance is still on track to record a fresh all-time high (ATH) above $800.
Alex Kruger also had something to say about the price of ETH.
Bitcoin + Solana > Ethereum
It’s just common sense
Ethereum is trying to do it all itself. That’s how you fail.
Bitcoin will always be safer and more decentralized. Solana will always be faster and cheaper.
— Alex Krüger (@krugermacro) November 13, 2021
Stay tuned for more news.