BTC, ETH And ETH Challenger Are Up for Breakouts, According to Crypto Strategist

According to the latest reports, it seems that there are important moves taking place in the crypto space these days. Check out the following price reports below.

A closely followed crypto trader believes that Bitcoin (BTC), Ethereum (ETH), and one other smart contract protocol are likely setting up for rallies.

Pseudonymous crypto analyst Inmortal said the fact that he believes Bitcoin is likely retesting support around $24,000 before igniting the next leg up and subsequently breaking out.

“Give me a weekly open retest to long BTC, please.”

At time of writing, Bitcoin is worth $24,103.

Looking at Ethereum, Inmortal shares an inverted chart of ETH, showing that he expects the leading smart contract protocol to rally to as high as $2,100.

“It’s over.”

At time of writing, ETH is worth $1,651.

Looking at Ethereum rival Solana (SOL), he said about the price of the altcoin to surge once it gets above a key resistance area.

“Fireworks above $25.”

A popular crypto trader says metaverse-focused token Decentraland (MANA) and two other altcoins are gearing up for a burst to the upside.

Pseudonymous analyst Cantering Clark said recently that MANA may be following in the footsteps of Filecoin (FIL), a peer-to-peer decentralized storage network that erupted over 62% last week.

“There are still some alts that are holding key levels that I wouldn’t write off just yet, MANA being one of them.”

Pseudonymous crypto trader Rekt Capital said recently that BTC must close the week above $23,744 to continue its upward trend.

“BTC retest is now in progress

Ultimately, a Weekly Close above this key area is what BTC needs to achieve to break this confluent area of resistance to continue moving higher.”

The analyst also said the fact that BTC needs to go a little higher to confirm its upward trend on the 200-week moving average (MA).