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‘Monster’ Ethereum (ETH) Rally Incoming With Additional Altcoin Set To Outperform, Says Top Crypto Analyst
A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom is predicting a massive rally for Ethereum (ETH).
Dulnefni sérfræðingur Smart Contracter segir his 221,400 Twitter followers that Ethereum appears to be at the end of a correction and ready to surge.
“ETH/BTC just took out a six-month low, only 3% lower before my major buy zone.
Not the circumstances I was expecting this to happen under (I thought ETH and BTC would be falling but ETH more so) but there’s no chance I’m missing the monster ETH rally that’s coming.”
Heimild: Smart Contracter / TwitterLooking at his chart, the analyst shows ETH/BTC in a downward correction and about to tap the crucial 0.618 Fibonacci retracement support, which traders see as a likely point for a bounce.
Smart Contracter’s bullishness on ETH comes as crypto analytics platform Santiment segir sharks have accumulated 3.61 million ETH coins in the past year, worth a whopping $6.13 billion.
However, whales unloaded more than double that amount.
„Stór heimilisföng Ethereum hafa breytt framboði sínu verulega. Heimilisföng með 10-10,000 ETH hafa sameiginlega bætt við 3.61 milljón mynt á síðasta ári. Á sama tíma hafa heimilisföng með 10,000-10,000,000 ETH sameiginlega varpað 9.43 milljónum á sama tíma.
Dulmálsgreinandinn líka segir Bjartsýni (OP) is also looking bullish.
“Bullish expanded flat on daily for OP against USD, BTC and ETH pairs. Looks like one of the alts that will perform very well in my opinion.”
Heimild: Smart Contracter / TwitterUsing the Elliott Wave theory, an advanced technical analysis method that forecasts future price action based on crowd psychology manifesting in waves, Smart Contracter says Optimism is at the bottom of a correction and setting the stage to move to the upside.
Heimild: Smart Contracter / TwitterEthereum is worth $1,819 and Optimism trading at $2.57 at time of writing.
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