{"id":1660414,"date":"2022-09-11T10:30:49","date_gmt":"2022-09-11T14:30:49","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/?post_type=station&p=1660414"},"modified":"2022-09-11T11:51:52","modified_gmt":"2022-09-11T15:51:52","slug":"popular-analyst-says-ethereum-eth-could-teleport-up-explains-how-bitcoin-btc-could-look-really-good-fast","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/popular-analyst-says-ethereum-eth-could-teleport-up-explains-how-bitcoin-btc-could-look-really-good-fast\/","title":{"rendered":"Popular Analyst Says Ethereum (ETH) Could Teleport Up, Explains How Bitcoin (BTC) Could Look Really Good Fast"},"content":{"rendered":"

A popular crypto strategist is predicting a fresh leg up for Ethereum (ETH<\/a>) while mapping out a bullish path for Bitcoin (BTC<\/a>).<\/p>\n

In a new strategy session, pseudonymous analyst DonAlt says he\u2019s keeping a close watch on how Ethereum reacts at the $1,700 level.<\/p>\n

DonAlt predicts that ETH will slice through the $1,700 resistance en route to his target of $2,500.<\/p>\n

\u201cWhat we\u2019re doing right now is basically we reclaimed that entire breakdown, so for me this is basically an entire reclaimed setup into like resistance but one that\u2019s been tested before and one that\u2019s been tested very, very recently. I don\u2019t think $1,700 is going to do much [as resistance]. I could be completely wrong\u2026 But for me, it just looks like it wants to teleport up\u2026<\/em><\/p>\n

Even though it\u2019s resistance, I\u2019m expecting upside.\u201d <\/em><\/p>\n

The crypto strategist also says that ETH looks bullish on the higher timeframe after enduring a vicious downtrend since December 2021.<\/p>\n

\u201cLook at that [monthly] candle and how great it\u2019s shaping out, just pretty much exactly what I wanted to see. You have great monthly candle (July) followed by one that gets people freaking out (August) and then you just keep on going along. That is a look I haven\u2019t seen in a while for ETH\u2026 Now, it\u2019s starting to look kind of good again obviously because of a narrative shift and a new narrative in town.\u201d<\/em><\/p>\n

\"\"
Source: DonAlt\/YouTube<\/figcaption><\/figure>\n

At time of writing, ETH is trading at $1,762.<\/p>\n

As for Bitcoin, DonAlt says that BTC will look \u201creally good really fast\u201d if it manages to flip resistance around $21,000 to support.<\/p>\n

\u201cI really like this momentum that we have today that isn\u2019t necessarily caused by [the stock market]. Bitcoin\u2019s up 7%. The S&P [500] is up 0.4%. The S&P is up over the last few days. Bitcoin just basically snapped, shot back up with it but more than the S&P so far. So I\u2019m not hating it\u2026 <\/em><\/p>\n

If we start coming back above $22,300 or that area\u2026 if we reclaim that, that it starts looking really good. Until that happens, [there\u2019s] still no reason to be overly excited, but I really don\u2019t mind the chart right now.\u201d<\/em><\/p>\n

\"\"
Source: DonAlt\/YouTube<\/figcaption><\/figure>\n

At time of writing, Bitcoin is swapping hands for $21,344.<\/p>\n

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