The crypto strategist who precisely predicted the underside for Bitcoin (BTC) throughout the 2018 bear market is issuing a warning to Ethereum (ETH) holders.
Pseudonymous crypto analyst Good Contracter tells his 210,300 Twitter followers that main good contract platform Ethereum seems to be en route for an exhaustion rally to round $2,000 earlier than shedding over 36% of its worth from the excessive.
“If ETH makes a brand new excessive right here on the weekend, it units up for a 5 wave transfer full on every day and a possible high within the new week when legacy markets open. ‘If’ it confirms with a brand new excessive, some good longer-term shopping for alternatives ought to current across the $1,270 mark within the coming month.”
At time of writing, Ethereum is swapping palms for $1,682, a 3.07% lower on the day.
Fellow crypto analyst Pentoshi agrees with Good Contracter’s outlook on ETH. Pentoshi tells his 592,300 Twitter followers that he believes Ethereum will doubtless appropriate because it struggles to maintain its momentum round a significant resistance space.
“I really like a superb doji on the weekly. What typically follows after it will get into resistance? You may make an argument that weak point is being proven at resistance. You wouldn’t consider what comes subsequent.”
Whereas Good Contracter and Pentoshi are bearish on ETH, standard crypto strategist Altcoin Sherpa says Ethereum has a superb shot of retaining its bullish momentum alive if it manages to breach resistance at $1,700.
“Hold it easy. If Ethereum positive factors acceptance into this vary, then I believe we may see a transfer as much as the highs within the low $2,000. Every thing continues to pump if this occurs as a result of ETH/USD leads the market, for my part.”
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