Glassnode Co-Founders Predict Ethereum's Impressive Surge - Revealing Their Targets

Crypto Analytics Platform Glassnode's Co-Founders Bullish on Ethereum (ETH) - Anticipate Upward Trajectory

Negentropic Twitter Account (Jan Happel and Yann Allemann) Foresees Ethereum's (ETH) Breakout Against Bitcoin (ETH/BTC) - Glassnode Co-Founders Anticipate Favorable Mid-Term Performance.

The Glassnode co-founders, operating through the Negentropic Twitter account with 55,800 followers, share their bullish perspective on Ethereum. They predict a potential breakthrough in the ETH/BTC trading pair, suggesting that Ethereum might outperform Bitcoin in the midterm. Despite short-term weakness, they view this as a golden opportunity for investors to shift from BTC to altcoins. The co-founders anticipate a remarkable run for Ethereum and advise building a robust core portfolio for the upcoming bull market, cautioning against high-beta plays.

Source: Negentropic/Twitter

According to Analysts' Chart, ETH/BTC Pair Expected to Test 0.06 BTC ($1,742) Support Level Before Rallying Towards 0.07 BTC ($2,032).

Currently, ETH/BTC is trading at 0.0629 BTC ($1,826).

Glassnode Co-Founders Express Caution on Bitcoin (BTC) Amid US Dollar Index (DXY) Strength. Happel and Allemann suggest potential pullbacks for BTC while highlighting that Bitcoin and altcoins may regain bullish momentum when the DXY takes a breather.

"Market Interest Found at BTC Below $29,000. To Rally Higher, We May Need to Tap Into Mid $28,000 Liquidity.

Buy the Dips and Exercise Caution with Altcoins until DXY Retraces."

Source: Negentropic/Twitter

At the time of writing, the current Bitcoin price stands at $29,140.

Aug 05, 2023

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