Ethereum

Crypto Analyst Predicts Epic Rally for Ethereum Over Bitcoin, Says ETH Now in Full Beast Mode

A well-liked crypto strategist and dealer is saying {that a} huge rally is on the horizon for main good contract platform Ethereum (ETH).

Crypto analyst Justin Bennett tells his 93,500 Twitter followers that Ethereum is now in “full beast mode” after breaking out of a bullish continuation sample in opposition to Bitcoin (ETH/BTC).

“Now above 0.082 BTC ($4,138.70) and climbing. The objective is 0.10-0.11 BTC ($5,047.20-$5,551.92), so there’s still room to move higher in the next few weeks. The objective from the January breakout is 0.16 BTC ($8,075.52).”

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Source: Justin Bennett/Twitter

ETH/BTC is at present exchanging fingers at 0.085 BTC, suggesting a 90% potential upside ought to the pair hit Bennett’s second goal.

As for Ethereum in opposition to the US greenback, the crypto strategist says that the second-largest crypto asset by market cap nonetheless seems comparatively robust even after final weekend’s deep corrective transfer.

“I find it ironic that the second-largest crypto by market cap is 14% off its all-time high while many on Twitter act like the sky is falling. Stay cautious? Yes. Panic? Not a chance.”

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Source: Justin Bennett/Twitter

Looking at Bitcoin, Bennett says BTC should flip a key price space into assist to regain its bullish momentum.

“BTC back above $50,000. Needs to reclaim $53,000 to turn bullish again.” 

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Source: Justin Bennett/Twitter

Bennett can be providing a attainable state of affairs the place Bitcoin might simply consolidate between $52,000 and $43,000 in the approaching weeks.

“Keep in mind that the current range isn’t exactly small. Could be lots of this for the next few weeks.”

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Source: Justin Bennett/Twitter

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Featured Image: Shutterstock/Oliver Denker/monkographic/Konstantin Faraktinov

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