Analyst Known for Calling Bottoms Forecasts Ethereum (ETH) Rally to All-Time Highs – Here’s His Outlook

dailyhodlPublished on 2023-04-19Last updated on 2023-04-19

Abstract

An analyst who correctly called Bitcoin's (BTC) 2018 price floor says Ethereum (ETH) looks poised...

An analyst who correctly called Bitcoin’s (BTC) 2018 price floor says Ethereum (ETH) looks poised to significantly outpace the crypto king en route to its all-time highs.
Pseudonymous analyst Smart Contracter tells his 222,400 Twitter followers that he’s keeping an eye on the Ethereum versus Bitcoin pair (ETH/BTC).

According to the crypto strategist, ETH/BTC has likely carved a 2023 low at around 0.062 BTC ($1,879) and may now be in a position to witness a sustained uptrend in the coming months.
“So far ETH/BTC has played out exactly as I had predicted it would over four months ago down to the pico low [at] 0.062 level. The best part is I think it trades well over 0.10 ($3,032) by the end of the year.” 

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Source: Smart Contracter/Twitter A bullish ETH/BTC pair indicates that Ethereum is rising in value faster than Bitcoin. At time of writing, the ETH/BTC pair is trading for 0.069 BTC, worth $2,092.
Looking at Ethereum itself, Smart Contracter says the leading altcoin has managed to take out a key resistance level on the weekly chart that has kept ETH bearish for almost a year.
“ETH just had a mega-strong weekly close out of a 300-day range… Time to overcome the PTSD (post-traumatic stress disorder) and get back into the mindset of the good old days.”

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Source: Smart Contracter/Twitter Following Ethereum’s breakout, Smart Contracter thinks that ETH could rally to its all-time high at around $4,800.
“Tell me this thing ain’t going to all-time highs.” 

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Source: Smart Contracter/Twitter At time of writing, Ethereum is trading for $2,097.
d Image: Midjourney

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