Analyst Known for Calling Bottoms Forecasts Ethereum (ETH) Rally to All-Time Highs – Here’s His Outlook

An analyst who correctly called Bitcoin’s (BTC) 2018 price floor says Ethereum (ETH) looks poised to significantly outpace the crypto king en route to its all-time highs.

Pseudonymous analyst Smart Contracter tells his 222,400 Twitter followers that he’s keeping an eye on the Ethereum versus Bitcoin pair (ETH/BTC).

According to the crypto strategist, ETH/BTC has likely carved a 2023 low at around 0.062 BTC ($1,879) and 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.”

Source: Smart Contracter/Twitter

A bullish ETH/BTC pair indicates that Ethereum is rising in value faster than Bitcoin. At time of writing, the ETH/BTC pair is trading for 0.069 BTC, worth $2,092.

Looking at Ethereum itself, 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.”

Source: Smart Contracter/Twitter

Following Ethereum’s breakout, Smart Contracter thinks that ETH could rally to its all-time high at around $4,800.

“Tell me this thing ain’t going to all-time highs.”

Source: Smart Contracter/Twitter

At time of writing, Ethereum is trading for $2,097.

Generated Image: Midjourney

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