Ethereum, Aave, And Solana Fresh Price Predictions Are Out
There are all kinds of bullish predictions in the crypto space despite the corrections that the market is seeing. For instance, Bitcoin is trading in the red and the king coin is priced at $59,086.03. New crypto predicti...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
There are all kinds of bullish predictions in the crypto space despite the corrections that the market is seeing.
For instance, Bitcoin is trading in the red and the king coin is priced at $59,086.03.
New crypto predictions are outThere’s a popular crypto strategist and trader who predicted strong uptrends for Ethereum (ETH). At the same time, he also said that Solana (SOL) could continue its impressive performance.
The pseudonymous trader is Smart Contracter.
He said that he’s keeping a close watch on Ethereum against Bitcoin (ETH/BTC) – this is happening because he believes the trading pair remains bullish after it broke out from a large inverse head and shoulders pattern (IHS).
“ETH/BTC is still huge IHS breakout after a three-year base. It may have been somewhat boring the last few months but make no mistake about it, this is re-accumulation in a monster uptrend.”
He also believes that ETH/BTC is currently consolidating within a bullish continuation pattern and can climb as high as 0.12 BTC.
He also said that ETH is now en route to $5,000 after it took out a diagonal resistance.
“I think today is the day we get a proper $ETH [all-time high] breakout.”
The analyst is also looking at Aave (AAVE), which the trader believes is ready to ignite an epic rally after printing a bullish higher low setup.
“Aave putting in a solid weekly higher low here. With blue chips like CRV already moving, I’m going to assume other blue chips have bottomed and are not far behind. [Decentralized finance season] is near and Aave is an old favorite of mine.”
He also has a prediction for Solana:
“Got SOL low key breaking downtrends of two different degrees. This bad boy runs hard when it gets going and it’s only just getting started here.”
Stay tuned for more news and make sure to keep an eye on the crypto market.
The post Ethereum, Aave, And Solana Fresh Price Predictions Are Out first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...
Ethereum (ETH) Price Prediction: ETH Eyes Recovery From $2,600 as $2,666-$2,689 Becomes Resistance
Ethereum price is holding around $2,618 as buyers attempt to preserve the latest recovery, but the market is approaching a decisiv...
Ethereum Price Prediction: Layer-2 Trouble Deepens as Another Network Shuts Down
Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately con...
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Pudgy Penguins Team to Shutter Ethereum Layer 2 Network Abstract
Another Ethereum Layer 2 chain bites the dust: Just days after the creators of the once-hyped Blast said they’re shutting down the...
Bitmine's Relentless Ethereum Buying Is About to End, Tom Lee Says
Speaking at Token2049 in Singapore, the chairman said Bitmine is about 100,000 ETH—roughly six to seven weeks—from its 5% cap, set...