According to a famous analyst, Justin Bennett , Ethereum (ETH) is poised to outperform the rest of the cryptocurrency market
Justin Bennet’s on ETH rising
According to Justin Bennett’s 90,400 Twitter followers, ETH/BTC might witness strong rises to 0.105 and 0.160 BTC, which is roughly $6,000 and $9,100 at press time.
“ETH / BTC looks ready.
I think that ETH will surpass other coins in the next few weeks. ”
Looking at the overall trends in the crypto sector, the analyst believes that, in addition to BTC, ETH could provide investors with signals as to where the market is heading.
“People are looking to BTC for hints about this cycle.” But what if ETH becomes a leading indicator?
Ethereum is not a problem, with a market value of more than $500 billion and a market share of 19%. It’s time to give attention to both [theo kin ca tôi]”.
Bennett then delves into the top Ethereum price levels. He believes $ 4,000 is crucial support and views a break from $ 4,600 as an opportunity to move to new ATH levels.
“ETH has reached a new low of more than USD 4,000.” I am really optimistic.
The resistance is set at $4,400. It’s on its way to the moon for more than $4,600.”
At the time of writing, the price of ETH is $4,464.
Justin Bennett on Bitcoin current level
When it comes to the benchmark cryptocurrency, Justin Bennett believes Bitcoin needs to hold the $ 55,000 level and breakthrough $ 60,000 in order to recover after sliding from a new all-time high of $ 68,500.
“BTC appears to be on track to begin a comeback rally towards the $ 63,000 region.
“You must hold the $55,000 level and break through the $60,000 level.”
In a follow-up tweet, Bennett said he would open a long position if BTC can break a descending resistance line.
“BTC, so far so good.
Break the downtrend line in the 4-hour frame and place a long order.