Crypto Expert Anticipates Ethereum (ETH) to Soar in the Coming Months, Outperforming Bitcoin (BTC).
Renowned crypto trader Bluntz, who accurately predicted Bitcoin’s bear market bottom in 2018, is now setting his sights on Ethereum (ETH) and believes that the popular cryptocurrency is on the verge of an impressive rally. With a substantial following of 223,300 followers on Twitter, Bluntz shares his analysis, suggesting that Ethereum has likely completed its corrective phase on higher timeframes and is preparing for a breakthrough that could mark the end of its bear market.
According to the expert, the remaining months of 2023 hold significant potential for Ethereum, positioning it for a remarkable surge that could surpass the performance of Bitcoin. Expressing his viewpoint, Bluntz emphasizes the attractive basing structure of Ethereum’s USD pair and the promising early signs of reversal on its BTC pair at higher timeframes. He confidently anticipates that Ethereum will outshine Bitcoin in terms of growth and profitability.
Bluntz, a seasoned practitioner of the Elliott Wave theory, an advanced technical analysis methodology that assesses market behavior through crowd psychology, offers his insights. In accordance with this theory, a bullish asset typically experiences a five-wave rally, with the third wave signaling the most substantial ascent.
Analyzing Bluntz’s charts, it becomes apparent that Ethereum is already entering the initial stages of a wave-three surge, projected to propel ETH close to $4,000 by the end of 2023. Furthermore, when comparing Ethereum to Bitcoin (ETH/BTC), Bluntz foresees the pair potentially surging as high as 0.09 BTC, which would be equivalent to $2,750.
Read Also: Expert Analyst Forecasts Litecoin Rally and Predicts Bitcoin Surge to Six Figures
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
- Advertisement -
Comments are closed.