The cryptocurrency market eased a bit as the leading crypto Bitcoin held above $21. Leading altcoin Ethereum, on the other hand, gained over 13% weekly with the effect of Merge, which started the countdown. However, a famous crypto strategist predicts a steep rally for Ethereum. It also describes an altcoin that has the potential to explode the next bull market.
Kaleo predicts a rally for the leading altcoin
cryptocoin.com As you follow, the crypto world is locked in Ethereum Merge. The crypto analyst, nicknamed Kaleo, is predicting an increase for Ethereum (ETH) against both the US Dollar and Bitcoin (BTC). The famous whale says that Ethereum looks poised for a strong rally as it threatens to break the cross resistance on the lower timeframes. In this context, the analyst uses the following statements:
The real acceleration of sending for ETH will happen by breaking the resistance indicated by the green arrow below.
Source: Kaleo / TwitterAt press time, Ethereum was trading at $1,772, up 2.91% on a daily basis. Besides, the leading altcoin gained more than 13% on a weekly basis.
“ETH/BTC continues to strengthen the bounce”
Famous whale Kaleo says that the ETH/BTC pair against Bitcoin has just emerged from a crucial support area. He also notes that he now appears to be preparing for a 23% rally towards his target. The analyst expresses the following for this prediction:
ETH/BTC continues to strengthen the bounce. 0.1+ (BTC) is a magnet.
Source: Kaleo / TwitterAt the time of writing, the ETH/BTC pair is trading at 0.081 BTC ($1,751).
“Altcoin with explosive potential: ATOM”
The famous analyst also watches Cosmos (ATOM) closely. Cosmos is a blockchain ecosystem designed to scale and communicate with each other. According to Kaleo, ATOM/BTC has “explosive potential” as the pair is in a multi-year accumulation phase. The analyst explains these views as follows:
The Cosmos ecosystem continued to show strength during the bear market and is not going anywhere. The next bull market will be well above this range. It’s seen two and a half years of consolidation that looks like this. It also has a market cap of just under $5 billion. So it has explosive potential for a true bull market. 3x or more is possible against BTC in the next few years from the current rate. It may not be as sexy as other games. But if there’s one thing I’ve learned in this game over the last five+ years, it’s 9/10 times better to be safe than sexy.
Source: Kaleo / TwitterAt press time, ATOM/BTC is worth 0.0007295 BTC ($15.77).
