Closely followed cryptocurrency analyst Justin Bennett talked about what could happen to the popular altcoin this January as Ethereum (ETH) continues its downtrend.
In a new video, Bennett stated that Ethereum needs to retrace a crucial level for it to have a chance to continue its macro bullish trend:
The analyst is also looking at Ethereum in the Bitcoin pair (ETH/BTC). Bennett says that ETH/BTC may be breaking out of the bullish triangle by experiencing a smaller version of what it did between 2017 and 2020.
Cryptocurrency analyst poised to start a long-term rally to 0.18 BTC ($7,388) if ETH/BTC manages to hold 0.075 BTC ($3,077) cleanly as support He says it might.