7 October 2022
Ethereum Will Outperform Bitcoin and Other Altcoins : Justin Bennett Analyst
Famous strategist Justin Bennett predicts that Ethereum (ETH) is all set for an impressive price rally, outshining the rest of the Crypto markets.
Justin tells his 90,400 Twitter followers that ETH’s set up on the Bitcoin (BTC) trading chart could see the number-two Crypto jump toward the 0.105 and 0.160 BTC levels, equal to about $6,000 and $9,100 while writing.
When considering broader Crypto trends, the analyst anticipates that in addition to BTC, ETH could also hint investors about where the market is heading.
“Everyone is looking to BTC for clues about this cycle. But what if ETH becomes the leading indicator? At a half a trillion dollar market cap and 19% market dominance, Ethereum is no slouch. Time to pay equal attention to both, [in my opinion].”
Bennett next points out Ethereum’s price levels. He claims $4,000 as critical support and sees a breach of $4,600 as a chance to break out much higher.
“ETH potential higher low above $4,000. Looks bullish to me.
$4,400 is resistance. Above $4,600 and we moon.”
Furthermore, he says that Bitcoin must hold $55,000 and break past $60,000 if it hopes for a relief rally after tumbling from a new all-time high above $68,500. However, Bennett remains optimistic as long as BTC can fight past a red candle on the chart.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.