Cryptocurrency strategist Justin Bennett, Ethereum (ETH) $3,935.1 and Dogecoin $0.449148 He made promising predictions for (DOGE). Bennett said ETH can reach new highs as long as it maintains critical support levels. He predicted a historic rally for DOGE.
New Record Expectation in Ethereum
Bennett stated that Ethereum remains positive as long as it remains above the $3,950 level. “ETH is moving towards the $5,000 target. “If current support levels are maintained, the continuation of the bull market will be inevitable,” he said. Drawing attention to the ETH/BTC parity, Bennett stated that Ethereum has the potential to rise further if it exceeds the 0.04 BTC level on the weekly chart. “If ETH/BTC regains this level as support, Ethereum’s momentum will rapidly increase,” he added.
According to Bennett’s analysis, the Ethereum price is currently at $3,997. Failure to fall below $3,950 supports the market’s bullish expectations. This could be an important determinant, especially in ETH’s weekly closes. “An upward break of the ETH/BTC channel would push Ethereum to new highs,” he said.
Rally Signals on Dogecoin
Bennett predicted that Dogecoin (DOGE) could rise above the all-time high of $0.7316, reached in May 2021. “If DOGE breaks the $0.45 resistance, the upward wave will begin. “This consolidation on the daily chart could herald a big rally,” he said.
Dogecoin price is currently trading at $0.456. Bennett stated that if $0.45 is clearly surpassed on the intraday charts, the price could increase by at least 20%. “If DOGE breaks the resistance, it will overcome all obstacles and reach new heights,” he added.
The analyst said that Dogecoin is targeting $0.76 in the coming period. These predictions, based on technical analysis, serve as a guide for both Ethereum and Dogecoin investors. It is stated that if the bull trend continues in the cryptocurrency market, these support and resistance levels should be followed carefully.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.