Ethereum (ETH) Is Finally Set To Rally To New ATH

According to the latest reports, it seems that Ethereum is set to rally to a new ATH. Check out the latest prediction for the price of the digital asset.

It’s been revealed that ETH is set to really to new ATHs. At the moment of writing this article, ETH is trading in the red, and the coin is priced at $1,981.

Accoridng to the latest reports, an analyst who correctly called Bitcoin’s (BTC) 2018 price floor says Ethereum (ETH) looks poised to significantly outpace BTC on its way to its all-time highs.

Pseudonymous analyst Smart Contracter said that he’s keeping an eye on the Ethereum versus Bitcoin pair (ETH/BTC).

As revealed by the online publication the Daily Hodl, according to the crypto strategist, ETH/BTC has likely carved a 2023 low at around 0.062 BTC ($1,879). More than that, it may now be in a position to witness a sustained uptrend in the coming months.

“So far ETH/BTC has played out exactly as I had predicted it would over four months ago down to the pico low [at] 0.062 level. The best part is I think it trades well over 0.10 ($3,032) by the end of the year.”

The pseudonymous analyst Kaleo said that a lot of crypto traders get “lost in the noise of $1,000 candles” and fail to see the bigger picture for BTC, altcoins, and non-fungible tokens (NFTs).

“Rapid, overhyped growth in early 2023 capping out in 50s ($50,000s) (still in progress, also I lean closer to high 40s [$40,000s]).”

Regarding the state of ETH in the crypto market, Smart Contracter says the leading altcoin has managed to take out a key resistance level on the weekly chart that has kept ETH bearish for almost a year.

“ETH just had a mega-strong weekly close out of a 300-day range… Time to overcome the PTSD (post-traumatic stress disorder) and get back into the mindset of the good old days.”