Justin Bennett, A popular crypto strategist and trader notes that there’s a massive rally for leading smart contract platform Ethereum (ETH).
Furthermore, Justin Bennett describes it as “full beast mode”, exactly after breaking out of a bullish continuation pattern against Bitcoin (ETH/BTC).
“Now above 0.082 BTC ($4,138.70) and climbing. The objective is 0.10-0.11 BTC ($5,047.20-$5,551.92),..”
“so there’s still room to move higher in the next few weeks…”
“The objective from the January breakout is 0.16 BTC ($8,075.52).”
More so, ETH/BTC is currently trading at 0.085 BTC, indicating 90% potential upside once it hits Justin Bennett second target.
Furthermore, for ETH/USDT, Bennett notes that the second-largest crypto asset by market cap is still strong enough to engage in a massive run.
“I find it ironic that the second-largest crypto by market cap is 14% off its all-time high while…”
“many on Twitter act like the sky is falling. Stay cautious? Yes. Panic? Not a chance.”
So, Justin Bennett notes.
Also, as for Bitcoin, He states that BTC must flip an important price area into support to regain its bullish momentum.
“BTC back above $50,000. Needs to reclaim $53,000 to turn bullish again.”
Lastly, Justin Bennett also offers a possible scenario, showing Bitcoin may consolidate between $52,000 and $43,000 in the coming weeks.
“Keep in mind that the current range isn’t exactly small…”
“Could be lots of this for the next few weeks.”
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