Ethereum has been making a lot of headlines due to the upcoming upgrade that is scheduled soon. Check out the latest reports about the coin’s price below.
Ethereum price rally
A popular crypto analyst is predicting a surge for Ethereum (ETH) against both the US dollar and Bitcoin (BTC).
The analyst who is known in the industry as Kaleo said that Ethereum looks poised for a strong rally as it threatens to take out its diagonal resistance on the lower timeframes.
“The real acceleration of the send for ETH should happen breaking the resistance noted by the green arrow below.”
At the time of writing, Ethereum is priced at $1,764.
Against Bitcoin, Kaleo says the ETH/BTC pair just bounced from a crucial support area and now appears to be gearing up for a 23% rally toward his target.
“ETH/BTC continuing to strengthen off the bounce .0.1+ [BTC] is a magnet.”
ATOM price analysis
Kaleo also addressed Cosmos (ATOM).
ATOM is an ecosystem of blockchains designed to scale and communicate with each other.
According to Kaleo, ATOM/BTC has “explosive potential.” This is happening since the pair has been in a multi-year accumulation phase.
“The Cosmos ecosystem has continued to show strength during the bear market, and it’s not going anywhere. Next bull market it’ll be well above this range… Two and a half years of consolidation that looks like that and a sub $5 billion market cap should equal explosive potential for a real bull market….”
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 would hit $1,700 resistance en route to his target of $2,500.
