Top Analyst Says Ethereum To Start Looking ‘Really Really Good’ if Major Level Is Reclaimed – Here’s His Outlook

A number one cryptocurrency analyst and dealer says he’ll flip bullish on Ethereum (ETH) if it breaks a key resistance stage.

The analyst, pseudonymously often called DonAlt tells the 62,300 subscribers of the Technical Roundup YouTube channel that if Ethereum returns $2,800 per week, it might set ETH up for a lot greater beneficial properties.

“I nonetheless discover ETH fascinating. However I would prefer to see it commerce above…$3,000 is the road within the sand. When you get above $3,000, ETH will get actually good. And I believe at this level $2,800 is the brand new line within the sand for me. So for $2,800 issues are actually beginning to look good…

Somebody requested if ETH will not hit a brand new all-time excessive this cycle, or if that can result in an ETH demise spiral. I do not suppose so. Total, Bitcoin is by far the most effective cryptocurrency, and ETH is by far the second finest cryptocurrency.

He additionally means that ETH in its Bitcoin pair (ETH/BTC) may very well be setting itself up for a large breakout if the buying and selling pair consolidates round its present worth for some time.

“ETH/BTC is feasible – this may be achieved month-to-month [chart] – spend about six months right here and nonetheless going robust. I truly sort of prefer it. You had a complete division right here, you began to go down. Whenever you begin accumulating and going again up, the graph appears unimaginable.

ETH/BTC is buying and selling at 0.03953 BTC ($2,380) on the time of writing, up 1.33% within the final 24 hours.

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