Massive Ethereum (ETH) Surge Is Around The Corner

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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.

ETH/BTC pair

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.

Stay tuned for more news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.
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