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Ethereum Shatters All-Time High, Analyst Says Traders Should Watch What These 5 Altcoins Do Next

Ethereum Shatters All-Time High, Analyst Says Traders Should Watch What These 5 Altcoins Do Next


The price of Ethereum (ETH) has officially shattered its all-time high, breaking through the $1,431 mark.

The second-largest cryptocurrency’s previous all-time high was set back in January of 2018.

According to the price aggregator CoinMarketCap at time of publishing, ETH has reached as high as $1,467.

Macro guru and crypto investor Raoul Pal says he expects ETH to lead the crypto pack in the near term, with a renewed altcoin season on the horizon.

“At this point and for a while, ETH leads, alts season follows and bitcoin still explodes higher. Everyone wins.

Enjoy and take on board the FUD with a open mind but remember, in an exponential bull market everyone wants to spook you out of your trade. It’s really not easy.”

The popular pseudonymous analyst Cred tells his 191,000 Twitter followers that he believes ETH is at the start of a major move to the upside, with the DeFi market to follow.

He’s now watching five altcoins in particular.

“If requirements are met, I’d expect ETH to outperform in the first leg during price discovery but for DeFi to remain bid.

The simplest means of acting on this would be via ETH/USD longs. Other alts likely higher beta. Eyes on: Uni, Sushi, Link, Dot, Aave.”

At time of publishing, ETH is at $1,427, up 13.47% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/NothingIsEverything





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