CandleFocus Crypto Trader Predicts Incoming Rallies for Ethereum, Says New Dogecoin All-Time High ‘A Formality at This Point’
2024-12-08
Author: Content Editor
The crypto strategist, Justin Bennett, believes that Ethereum (ETH) is well-positioned to reach new all-time highs. He states that as long as ETH remains above a certain support level, the bulls are in control. Bennett suggests that if ETH/BTC continues to show strength, Ethereum could see a quick surge to $5,000. He also notes that if the ETH/BTC pair can overcome resistance and turn it into support, Ethereum could gain more bullish momentum. Currently, ETH/BTC is trading at 0.04 BTC, equivalent to $3,997. Regarding Dogecoin (DOGE), Bennett predicts that it is on the verge of a major breakout, potentially surpassing its previous all-time high of $0.7316. He emphasizes that a clean break of the resistance at $0.45 is needed to kickstart the rally. At the time of writing, Dogecoin is trading at $0.456.
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