A closely followed strategist thinks Ethereum (ETH) is gearing up for an impressive rally that will outshine the rest of the crypto markets.
Justin Bennett tells his 90,400 Twitter followers that ETH’s setup on the Bitcoin (BTC) trading chart could see the number-two crypto jump toward the 0.105 and 0.160 BTC levels, equal to about $6,000 and $9,100 at time of writing.
“ETH/BTC looks ready.
I’m thinking ETH outpaces pretty much everything over the next few weeks.”
At time of writing, ETH is valued at $4,245, down 2.45% on the day.
Moving on to the top crypto, Justin Bennett says that Bitcoin must hold $55,000 and break past $60,000 if it hopes for a relief rally after recently tumbling from a new all-time high above $68,500.
“BTC looks pretty good here for a relief rally back to the $63,000 region.
Needs to hold the line at $55,000 and get through $60,000.”
Bitcoin is changing hands for $57,097 at time of writing.