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A top analyst who accurately called the end of the 2022 crypto bull market thinks Ethereum (ETH) is poised to rally in both its Bitcoin (ETH/BTC) and US dollar pairs. Pseudonymous analyst Pentoshi tells his 826,200 followers on the social media platform X that ETH/BTC looks good after respecting its support at 0.30 BTC. According to the crypto strategist, ETH/BTC may bounce to as high as 0.4597 BTC. “Very promising start. Let’s see if we can get to the target.”  Source: Pentoshi/X At time of writing, ETH/BTC is trading for 0.0373 BTC worth $3,563. As for Ethereum against the dollar, Pentoshi thinks it is within the realm of possibility for ETH to surge above $4,000. “No reason this doesn’t challenge this year’s highs, or higher in my opinion. Which likely has confluence with the ETH/BTC target posted.” Source: Pentoshi/X He also thinks that the rally will be driven by investors allocating hundreds of millions of do...

Bitcoin may face minimal traffic on the road to $55,000 if the largest cryptocurrency can break a key resistance level.  According to technical analyst Ali Charts, Bitcoin (BTC) shows a clear path toward $60,000, although it hinges on BTC breaking through resistance around the $48,000 price range. This level was last seen in April 2022 following a U.S. banking crisis shortly before Terra’s ecosystem implosion.  On-chain data from IntoTheBlock, cited by the trader, suggests that BTC could target this resistance point after forming support of around $42,000. At this level, nearly 2.5 million Bitcoin addresses bought 1.12 BTC, currently worth over $52.5 billion after crypto’s king token made a 21-month high by surpassing $47,000. #Bitcoin has established a solid support zone at $42,000, backed by 2.48 million addresses holding over 1.12 million $BTC. If #Bitcoin can successfully breach the $48,000 resistance, on-chain data suggests a clear path ahead. With no major supply zones...