A popular crypto analyst who continues to build his following with timely altcoin calls says that relief rallies are approaching for Bitcoin (BTC), Ethereum (ETH) and an additional large-cap crypto asset.
“Doesn’t look nearly as crazy anymore as it did at $29,000.”
At time of writing, Bitcoin is changing hands at $30,550.
Kaleo also sees Ethereum embarking on a relief rally in the coming weeks and reveals his price target for ETH as well. According to the crypto analyst, he believes ETH is poised to pull off a 26% rally in the short term.
“$2,600 ETH makes sense.”
ETH is currently trading at $2,057.
The veteran crypto trader also has his radar on Binance Coin (BNB), the utility token that powers crypto exchange Binance.
Kaleo says that the Binance Coin/Bitcoin pair (BNB/BTC) is gearing up to print a new all-time high in the coming months.
“BNB/BTC looks like it wants to make an all-time high later this summer.
Pretty impressive strength in a down market.”
At time of writing, Binance Coin (BNB) is valued at $316 and is the fifth largest crypto asset by market cap.
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/Tithi Luadthong