A popular crypto strategist and trader says Bitcoin and Ethereum continue to flash signs of strength but highlights that one large-cap altcoin is strikingly stronger than the two largest crypto assets.
The pseudonymous analyst known in the industry as The Crypto Dog tells his 666,900 Twitter followers that Bitcoin (BTC) looks bullish as it continues to threaten to print a new all-time high.
“Can’t forget or discount how bullish BTC is.
Bullish consolidation at all-time highs. It’s going to trend hard soon.
Prime set up, safest, most worry-free asset on the planet. There is no greater comfort than cold storage Bitcoin.”
At time of writing, Bitcoin is trading at $65,440, up 5.5% in the last 24 hours, according to CoinGecko.
As for Ethereum (ETH), The Crypto Dog says the leading smart contract platform looks strong as it continues to trade within an ascending channel.
“ETH – just clean, vertical accumulation.”
Ethereum appears to be following the trader’s uptrend channel as it just printed a fresh all-time high at $4,729.
Although The Crypto Dog is bullish on Bitcoin and Ethereum, he says one red-hot altcoin is clearly outperforming both BTC and ETH.
“SOL is just so much stronger than BTC and ETH it’s striking.”
Smart contract platform Solana is currently the fourth-largest crypto asset, soaring over 53% in the last 30 days. Meanwhile, Bitcoin and Ethereum are up 21% and 32.6%, respectively, over the same timeframe.
The popular crypto strategist is also looking at the SOL/ETH pair, predicting that Solana’s value will rise faster than Ethereum’s.
“Either ETH is about to fall off a cliff or SOL is about to moon. Not sure what else could happen with this setup… (I’m pretty bullish ETH).”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Jag_cz
