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”
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.
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+.”