A popular crypto analyst, Justin Bennett, is predicting significant price increases for both Ethereum (ETH) and Dogecoin (DOGE). He shared his insights with his large social media following.
Ethereum’s Potential
Bennett believes Ethereum is poised for a new all-time high. He’s bullish as long as ETH stays above $3,950. He sees a potential quick jump to $5,000 if the ETH/BTC pair (Ethereum’s price relative to Bitcoin) breaks through a key resistance level. He’s particularly interested in whether the ETH/BTC pair can reclaim a specific channel on the weekly chart, indicating further bullish momentum.
Dogecoin’s Breakout
Bennett is even more confident about Dogecoin, suggesting a new all-time high is practically guaranteed. He notes a period of consolidation on the daily chart, setting the stage for a significant breakout. While Dogecoin hit its previous all-time high of $0.73 in 2021, Bennett’s analysis points to a potential surge beyond $0.76. He highlights the $0.45 resistance level as a crucial hurdle; a clean break above this would likely trigger a rally of at least 20%.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
