According to the analyst’s chart, he sees ETH/BTC surging above 0.09 BTC ($1,544) by March 2023, a price level last witnessed in January 2018.
Smart Contracter also says that he believes Ethereum will usurp Bitcoin in the next bull market and become the largest crypto by market capitalization.
The cryptocurrency analyst who correctly predicted the bottom of Bitcoin's (BTC) price in 2018 believes that Ethereum (ETH) will begin massive rallies in 2019 on its way to overtaking Bitcoin (BTC) as the largest digital asset by market cap.
The 216,700 Twitter followers of the analyst, going by the nickname "Smart Contracter" are informed that he anticipates the ETH/BTC pair will soar to a level not seen in almost half a decade.
According to a bullish ETH/BTC chart, Ethereum will experience more increases than Bitcoin.
Smart Contracter
The Elliott Wave Theory, a method of technical analysis used by Smart Contracter, is based on the idea that crowd psychology tends to present itself in waves and can be used to forecast future market action. For example, the analyst predicts that by March 2023, ETH/BTC will surge beyond 0.09 BTC ($1,544), a price level was last seen in January 2018.
Additionally, according to Smart Contracter, Ethereum will overtake Bitcoin as the most valuable cryptocurrency in the upcoming bull market.
According to Smart Contracter, Ethereum will soon break through the barrier near $1,300.
At the time of writing, Ethereum is trading at $1,267, a slight rise over the previous day.
The peer-to-peer payments network Litecoin (LTC), which the crypto analyst claims is currently trading within a bullish continuation pattern on both the USD and BTC currencies, is another asset he is closely monitoring.
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LTC is currently trading for $76.02, unchanged from the previous day.
How long do you think this price change will last? Kindly share your thoughts with us in the comments section.
