Monday, March 1, 2021

Crypto Analyst Josh Rager Says Ethereum (ETH) Will Hit $800 to Match Bitcoin Surging Trend

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”

Read Also: Binance: Imminent Launch of Ethereum 2.0 Could Serve As a Catalyst for ETH and Altcoins Markets

Crypto Analyst Josh Rager Says Ethereum (ETH) Will Hit $800 to Match Bitcoin Surging Trend

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.” 

Crypto Analyst Josh Rager Says Ethereum (ETH) Will Hit $800 to Match Bitcoin Surging Trend

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.”

Crypto Analyst Josh Rager Says Ethereum (ETH) Will Hit $800 to Match Bitcoin Surging Trend

Aside from Bitcoin and Ethereum, the crypto trader is also eyeing Chainlink (LINK), the 5th largest digital currency based on market valuation.

Read Also: John McAfee Abandons His Own Privacy Asset Project Ghost; States the Reason for His Decision

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+.”

Crypto Analyst Josh Rager Says Ethereum (ETH) Will Hit $800 to Match Bitcoin Surging Trend

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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