The crypto strategist who accurately predicted the bottom for Bitcoin (BTC) during the 2018 bear market is issuing a warning to Ethereum (ETH) holders.
Pseudonymous crypto analyst Smart Contracter tells his 210,300 Twitter followers that leading smart contract platform Ethereum appears to be en route for an exhaustion rally to around $2,000 before losing over 36% of its value from the high.
“If ETH makes a new high here on the weekend, it sets up for a five wave move complete on daily and a potential top in the new week when legacy markets open. ‘If’ it confirms with a new high, some good longer-term buying opportunities should present around the $1,270 mark in the coming month.”
At time of writing, Ethereum is swapping hands for $1,682, a 3.07% decrease on the day.
Fellow crypto analyst Pentoshi agrees with Smart Contracter’s outlook on ETH. Pentoshi tells his 592,300 Twitter followers that he believes Ethereum will likely correct as it struggles to sustain its momentum around a...
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