Top analyst says Ethereum (ETH) is on the verge of ripping, calls exchange token a ‘real reservoir’

A popular crypto strategist says a breakout rally is in sight for leading smart contract platform Ethereum (ETH).

The crypto analyst known in the industry as Kaleo tells his 531,000 Twitter followers that Ethereum has broken its diagonal resistance against Bitcoin (ETH/BTC), and the pair looks set for another leg up.

“ETH/BTC looks set to finally tear higher… This is bullish.”

Source: Kaleo/Twitter

At the time of writing, the ETH/BTC pair is trading at 0.073 BTC ($1,675).

Kaleo is also bullish on BNB, the utility token of crypto exchange giant Binance. According to the crypto strategist, BNB looks strong as it prints a new all-time high against Bitcoin.

“BNB/BTC is a real tank. Continue to increase price discovery today.

Image
Source: Kaleo/Twitter

Looking at Bitcoin itself, Kaleo predicts a brief pullback for BTC to around $22,000 before the king of crypto rallies to his target at $28,000.

“It’s going to happen but you wouldn’t believe it.”

Image
Source: Kaleo/Twitter

The latest crypto asset on the trader’s radar is the Litecoin (LTC) peer-to-peer payment protocol. According to Kaleo, LTC looks bullish against Bitcoin (LTC/BTC) after the pair broke out of major resistance.

“One of the scariest things in the market right now is the bullish appearance of Litecoin. Multi-year LTC/BTC breakout, surpassing this one in a short period.

Image
Source: Kaleo/Twitter

Don’t miss a beat – Subscribe to receive crypto email alerts straight to your inbox

Check Price Action

follow us on TwitterFacebook and Telegram

Surf the Daily Hodl Mix

Check the latest news headlines

 

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

Featured Image: Shutterstock/increation87

About Catriona

Check Also

Considerations for Margin Protection Insurance Policies

Kent Thiesse | Farm Management Analyst A relatively new crop insurance option that has been …