A closely followed crypto strategist is reacting to the recent market-wide rally, updating his predictions for a trio of digital assets.
Pseudonymous crypto analyst DonAlt updates his 416,400 Twitter followers on Ethereum (ETH) after the leading smart contract platform went vertical on the Bitcoin (BTC) trading pair.
“Full send, as expected. Already retraced 40% of the bear market move (on a relative basis) and doesn’t look weak yet either.
Don’t really see a good reason for it to get anything more than a temporary rejection here. I’ll remain bullish.”
The chart guru also says that while he’s already sitting on 50% paper profits after ETH’s latest surge past $1,000, he’s eyeing a push above $1,800 to perhaps as high as the $2,200 to $2,600 zone.
“I wanted a $1,000+ close on ETH, I got one. Up 50% on this position also, still not willing to sell.
$1,800 is an interesting area on the low timeframes but given the merge hype has just started, I’m probably going to hold till my target is...
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