The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Analyst Forecasts Abrupt Ethereum Eruption, Says Monster Move Incoming for Two Additional Altcoins

by Daily Hodl Staff
April 5, 2023
in Altcoins, Ethereum, Trading

An analyst known for correctly calling Bitcoin (BTC) bottoms believes Ethereum (ETH) is setting up for a massive explosion.

Psuedonymous analyst Bluntz tells his 222,100 Twitter followers that Ethereum appears to be mirroring Bitcoin’s market structure in early 2019, when BTC broke out from an ascending triangle pattern.

“When ETH inevitably breaks out from $2,000, you’ll want to be positioned accordingly because unfortunately I doubt there will be retests.

It’ll most likely be a straight up GOD candle like BTC in 2019.” 

Looking at the analyst’s chart, he appears to be targeting the $3,000 level for ETH.

According to the crypto trader, the Shanghai update on April 12th, which will allow holders of staked ETH to withdraw their assets, may be a bullish event for the leading smart contract platform as it could force sidelined traders to chase the rally.

“The ole ETH Shanghai upgrade is the perfect psyops to FUD people out of generational longs. It’s the perfect wall of worry scenario.” 

At time of writing, Ethereum is trading for $1,914, up over 5% in the last 24 hours.

The crypto strategist also has his eye on AI-focused project Fetch.ai (FET). Bluntz says that FET appears to have taken out multiple diagonal resistances and now looks poised for a rally toward $0.55.

“Another I like is FET. Literally so many crazy bullish charts out there. Feels like we’re almost at the stage where we can start punting longs blindfolded I think.” 

At time of writing, FET is trading for $0.37, up nearly 7% in the last 24 hours.

The last altcoin on the trader’s radar is blockchain indexing protocol The Graph (GRT). According to the crypto analyst, GRT has also broken above multiple diagonal resistances and is now likely heading to his target at $0.19.

“Besides ETH, I think GRT is probably one of my biggest bags. This chart is gagging for a monster move upwards, in my opinion, and I’m positioned for it.”

Image
Source: Bluntz/Twitter

At time of writing, GRT is worth $0.15, up over 10% in the past day.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
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/Urboshi

Submit a Press Release

Industry Announcements

  • WOW EARN Unveils Layer One Blockchain, Redefining Efficiency and Global Accessibility
    December 5, 2023
  • LandX Closes Private Round Securing Over $5 Million in Private Funding
    December 4, 2023
  • Chromia Confirms Mainnet Release in 2024
    December 4, 2023
  • CAGA Crypto – Decentralized Financial Movement Unveiled on MEXC and Bitget
    December 4, 2023
  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$43,650.70
$43,650.70
0.39%
Ethereum
$2,336.93
$2,336.93
3.57%
Cardano
$0.445289
$0.445289
0.58%
XRP
$0.63883
$0.63883
1.87%
Dogecoin
$0.095964
$0.095964
4.11%

Spotlight

  • Arthur Hayes Says Capital About To Flood Into Bitcoin (BTC) From China – Here’s Why
    November 30, 2023
  • Chainlink Flashing Bullish Signal As Massive Amount of Dormant LINK Abruptly Moves, According to Santiment
    November 30, 2023
  • Bitcoin Setting Up for One More Rally To Bait BTC Bulls, According to Crypto Analyst – Here’s His Outlook
    November 30, 2023
  • Circle’s USDC Expands to Cosmos Through New Cross-Chain Transfer Protocol
    November 30, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl