A crypto strategist and trader with a large following kidollars predicts when a major Ethereum (ETH) rally may begin when planning price targets for Polkadot (DOT) and FTX Token (FTT). we too Cryptocoin. com
As , we have compiled the strategist’s forecasts and analyzes for you.
Analyst watches ETH/BTC pair for leading altcoin Ethereum rally
The analyst, known in the cryptocurrency market as Altcoin Sherpa, tells his 136,600 followers that he follows the Ethereum (ETH) Bitcoin (BTC) pair (ETH/BTC) closely and expects the pair to rally in the coming months:
Ethereum (ETH): In my opinion, the ETH/BTC pair continues to fluctuate over the next few weeks/months before making a big move this year. This is likely to rally a little higher, before peaking lower in the short term. In my opinion, Ethereum (ETH) is not outperforming BTC in the coming weeks. ETH/USD is heading to a new all-time high (ATH).
Commenting on the chart, the trader expects the ETH/BTC pair to correct in the last months of 2021 before launching a major rally by January. As for Ethereum against the US Dollar, Altcoin Sherpa believes it is ready to rally to around $4,800 by next month.
Altcoin Sherpa sees potential in Polkadot (DOT) and FTX (FTT) as well
The crypto strategist also watches the price action of the interoperable Blockchain Polkadot (DOT). According to the analyst, he sees Polkadot consolidate against Bitcoin (DOT/BTC) towards the end of the year, before a massive spike in early 2022:
Expecting more from BTC pair. I think the BTC pair has good catalysts for a very strong run this year.
According to the crypto trader’s chart, the DOT/BTC pair could rise above 0.0011 BTC ($66.42) by February 2022, about 60% from its current price of 0.00072 BTC ($43.47). may indicate a potential increase of .
Looking at the native token of crypto derivatives exchange FTX (FTT), Altcoin Sherpa draws a potential target at $80 after removing the resistance at $67.35:
FTX (FTT) is still one of the safest alternatives you can have.