Top Crypto Analyst Turns Bullish on Ethereum Rival That’s Up 135% This Year
A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom is bullish on one top Ethereum (ETH) rival.
Pseudonymous trader Smart Contracter tells his 221,800 Twitter followers that Fantom’s (FTM) price chart looks “really good.”
“I’m liking FTM here, solid 17% dip, bouncing from key support and structure so far has only been a 3 wave move down. Worth a long [in my opinion].”
FTM is worth $0.468 at time of writing. The 43rd-ranked crypto asset by market cap is down 2.36% in the past 24 hours but remains up more than 135% since the start of the year.
Smart Contracter is also bullish on the governance token for the Frax (FXS) stablecoin protocol.
“Really liking FXS here, beautiful 5 wave rise from the lows and 3 wave move back down to the 0.618. Expecting trend continuation from here upwards of 40%.”
FXS is trading at $7.90 at time of writing. The 80th-ranked crypto asset by market cap is down more than 2.5% in the past 24 hours.
In terms of other crypto assets, Smart Contracter says he’s now an “ETH maxi” because the second-ranked crypto asset by market cap passed a target value against Bitcoin in the first quarter of 2023.
Ethereum is trading at $1,734 at time of writing, down 3.75% in the past 24 hours.
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