It’s been revealed that there are some important rallies on their way for the top ten cryptos. Check out the latest bullish prediciton for Ethereum below.
New ETH price prediction is out
It’s been revealed that an important crypto analyst believes that leading smart contract platform Ethereum (ETH) is gearing up for a massive rally as it begins to flash signs of strength.
Pseudonymous crypto strategist Altcoin Sherpa said not too long ago that he sees a huge surge incoming for Ethereum in the coming weeks after ETH took out its resistance at $1,281.
It’s important to note the fact that the crypto analyst is bullish on top altcoin in the short term, he warns that the rally won’t likely be the start of a fresh bull cycle.
“Here are some levels. I think that we see something like $1,700-$1,900 in the coming weeks. This is NOT a macro reversal, in my opinion, just another bear market rally. Exponential moving averages flipped bullish on the four-hour chart for the first time since end of March.”
He also addressed Ethereum against leading digital asset Bitcoin (ETH/BTC). He highlighted the fact that the pair has also torched its immediate resistance, which he notes bodes well for altcoins.
“If ETH/BTC has bottomed in the short term then I think that altcoins continue to have a little mini run for a few weeks. But I still don’t view this as the macro bottom personally. I assume we’re going to have these mini bear market rallies every few months.”
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,473.
Bitcoin optimistic prediction is out
A popular crypto strategist is predicting a surge in price of Bitcoin (BTC). He is mapping out BTC’s possible trading range over the next few months.
Pseudonymous analyst Kaleo said not too long ago that a strong Bitcoin rally is imminent.