The bullish predictions about digital assets’ prices continue to appear despite the continuous market correction. The latest ones involve Bitcoin, Solana, and Ethereum.
Ethereum price prediciton
Now, popular analyst Smart Contracter says Ethereum seems to have hit a bottom.
“I do think we’ve just hit a major correction low and we’re probably already bottomed here and I do think we’ll probably get an all-time high.”
He said that ETH’s price action off the bounce in July, and he also made sure to note that the crypto asset appeared to complete a five-wave bullish pattern from the Elliot Waves theory.
“The Elliot Waves theory is a trading method that aims to predict future price action using crowd psychology that manifests itself on charts through a series of waves,” The Daily Hodl notes.
The theory explained that a crypto goes through an important pull-back after completing a five-wave cycle in an uptrend.
It’s also important to note the fact that Contracter accurately predicted Ethereum’s retrace to roughly $2,700. Since then, ETH has steadily recovered, but the price fell back after that.
“I am expecting a new sort of impulsive move similar to this five-wave rise to new all-time highs from here…”
Bitcoin price prediction
The analyst said that Bitcoin is looking very similar to Ethereum and will most likely move up further after one more ABC wave correction.
“I dare say, similar with Ethereum, we’re probably gonna go a little bit higher and then we’ll have a nice little ABC [correction]…And then I do think from there, if this is an ABC complete, exactly the same deal again, I dare say we’re gonna be starting a new impulse to all-time highs.”
Solana (SOL) price prediction
He is also looking at the smart contract platform Solana (SOL).
when btc and eth bottom i think $sol rebound the hardest hit all time high the fastest, starting to stack spot at these levels.
ill average down if need be, no actionable setup just yet more of a knife catch hunch. pic.twitter.com/4iwGSRk4HX
— Bluntz (@SmartContracter) September 21, 2021
Stay tuned for more news.