In the recent rally in the cryptocurrency market, Bitcoin came to the fore and strengthened its dominance. The performance of the leading altcoin Ethereum was pale compared to Bitcoin. However, this may be about to change. According to a crypto analyst with a large following, Ethereum is poised for a big boom. The analyst also shares a token that he predicts has entered the appreciation phase.
According to the analyst, Bitcoin will follow Ethereum!
As you follow on Kriptokoin.com, while Bitcoin went into rest mode, the leading altcoin Ethereum made an attack today. This brought to mind the predictions that now is the time for altcoins. The analyst nicknamed Bluntz, known for his accurate predictions in the market, shared his latest market predictions. Check out this article for the analyst’s successful predictions. Bluntz says Ethereum has officially entered bull territory after breaking out of a multi-month accumulation range. According to the analyst, Ethereum will leave behind traders who are obsessed with ETH’s performance against Bitcoin (ETH/BTC). In this context, the analyst makes the following statement:
ETH is now well out of a year and a half range. While we’re busy hanging on to ETH/BTC, we’re waiting for the inevitable wrath pump that will catch everyone out.
Source: BluntzMeanwhile, at the time of writing, Ethereum was trading at $2,352, up 4.7% on a daily basis. The leading altcoin is up nearly 93% so far this year. When paired with Bitcoin, Ethereum is trading at 0.05462 BTC at the time of writing. This indicates a decrease of approximately 23% from the beginning of the year to date.
Bluntz: Bitcoin will continue on its way!
The analyst then looks at the leading crypto Bitcoin (BTC). Bluntz predicts that BTC will likely extend the rally that started at $36,000. According to the analyst, Bitcoin is poised for another rally as other traders await a deep corrective move. Bluntz expresses his opinion on this issue as follows:
All I see is people taking profits and warning of upcoming 10-15% pullbacks. You all aren’t ready for how far this leg will go, starting at $36,000.
Source: BluntzBy the way, it is worth noting that Bluntz is a popular practitioner of the Elliott Wave theory, a method of technical analysis that attempts to predict future price movements by following crowd psychology, which tends to manifest in waves. According to theory, a bullish asset witnesses a five-wave rally where each wave has its own five sub-waves. According to the analyst’s chart, Bitcoin will rise to $53,000 before ending the five-wave surge. BTC was trading slightly down at $43,166 at the time of writing.
Bluntz: SUI is ready for the appreciation phase!
Finally, the analyst covers layer-1 smart contract Blockchain Sui (SUI). According to Bluntz, Sui is ready to exit the accumulation phase. In this regard, the analyst said, “SUI is another new altcoin that looks ready for the appreciation phase. It dropped 80% after the initial listing pump. However, there is a very nice accumulation now.” says. Sui was trading at $0.681 at the time of writing, slightly above Bluntz’s accumulation range.
Source: Bluntz
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