By Solomon Odunayo
The popular crypto analyst and trader, Josh Rager, has predicted that Ethereum (ETH) is poised to print a bullish price rally to hit $800, which will aid the digital token to match Bitcoin surging trend.
According to Rager in a series of tweets shared on 8th November 2020, ETH could surge as high as 76%. He has the expectation of seeing the digital token breaking above $475 resistance level.
Josh Rager tweeted, “Added a big stack of ETH at the $442 support retest. I’m serious about not missing the eventual big move up to $700 to $800. Looking for a break of the previous range above. Will play this level by level with stops below my entry”
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As for the leading digital currency, Bitcoin (BTC), the top analyst says it could surge to record a new yearly high of $16,000, provided it regains and maintains $15,420 support.
He wrote: “Reclaiming the price for Bitcoin would just show that this was a marvelous bear trap before sending the price over $16,000.”
Ethereum (ETH) Is Poised To Match Bitcoin (BTC) Positive Trend
As Bitcoin keeps experiencing an upside trend while ETH consolidates, Rager claimed that the second-largest crypto by market cap has now gained momentum to match the performance of Bitcoin (BTC).
Josh Rager noted:
“BTC is currently only 26% away from its all-time high. ETH, on the other hand, is currently over 208% away from an all-time high price. Recently, ETH [has] been outperformed by BTC but now looks quite bullish and has a lot of space to pump and catch up.”
Aside from Bitcoin and Ethereum, the crypto trader is also eyeing Chainlink (LINK), the 5th largest digital currency based on market valuation.
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As LINK holds above $12.50, Rager expects the cryptocurrency to soon surpass $13:
“Held support on low-time frames. [It] was a great place to ‘buy the dip’ for Chainlink. LINK wants $13+.”
