Altcoin Sherpa Predicts Rally To ETH – Calls Price Targets For DOT And FTT
A popular cryptocurrency analyst and trader, known as Altcoin Sherpa, expects a massive rally incoming for Ethereum (ETH). He also draws price targets for Polkadot (DOT) and FTX Token (FTT).
Ethereum (ETH)
Altcoin Sherpa shared with his 137.8K Twitter followers that he is closely following Ethereum against its Bitcoin pair (ETH/BTC). He predicts ETH to spark a rally in the next few months.
“ETH: I think the ETH/BTC pair continues to range for the next few weeks/months before a huge move later this year/Q1. This probably goes a little higher before making a lower high in the short term. Ethereum does not outperform BTC in the coming weeks, in my opinion. ETH/USD goes to [new] all-time high.”
$ETH: I think the $ETHBTC pair continues to range for the next few weeks/months before a huge move later this year/Q1. This probably goes a little higher before making a lower high in the short term. #Ethereum does not outperform BTC in the coming weeks IMO. $ETHUSD goes to ATH pic.twitter.com/RYnFV7a4Qy
Looking at the analyst’s charts, he is timing a correction the ETH/BTC pair in the last months of 2021 before it goes on a massive rally by January.
Rearding ETH/USD, it could be ready to rally to around $4,800 by next month, according to the trader.
Polkadot (DOT)
Altcoin Sherpa is closely following the interoperable blockchain Polkadot and its native token DOT. The trader believes that DOT/BTC will consolidate by the end of 2021, before igniting a huge rally early 2022.
“Expecting more ranging from the BTC pair… I think [the] BTC pair has good catalysts for later this year for a very strong run.”
$DOT: Expecting more ranging from the BTC pair and ATH for the USD pairs. I think btc pair has good catalysts for later this year for a very strong run. Might pick up a bag of it later. #Polkadotpic.twitter.com/7HK4fkrB41
Looking at Altcoin Sherpa’s chart, the DOT/BTC pair can move up to 0.0011 BTC by February 2022.
FTX Token (FTT)
Last up is the native token of crypto derivatives exchange FTX (FTT). According to the analyst, the target for FTT is at $80 once it clears resistance at $67.35.
“FTT: […] It’s still 1 of the safest alts you can have.”
$FTT: I think I'm one of the only one of my close crypto friends that has approximately 0.00 FTT coins in my bag. It's still 1 of the safest alts you can have. #FTTpic.twitter.com/kpy9Cr9MJc
