June 5, 2023

Leading smart contract platform Ethereum (ETH) is on the verge of a breakout rally, according to a popular crypto strategist.

The cryptocurrency analyst, known in the industry as Kaleo, told his 531,000 Twitter followers that Ethereum has breached diagonal resistance against Bitcoin (ETH/BTC), and the pair appears to be primed for a fresh rally ready.

“ETH/BTC looks poised to eventually rise…it’s bullish.”

resource: Caleo/Twitter

At the time of writing, the ETH/BTC pair is trading at 0.073 BTC ($1,675).

Kaleo is also bullish on crypto exchange giant Binance’s utility token BNB. According to the crypto strategist, BNB looks strong as it hits an all-time high against Bitcoin.

“BNB/BTC is a real tank. Today’s price discovery continues to move higher.”

resource: Caleo/Twitter

Looking at Bitcoin itself, Kaleo predicts a brief pullback to around $22,000 for BTC before the king of cryptocurrencies bounces back to a target of $28,000.

“It will happen, but you won’t believe it.”

resource: Caleo/Twitter

The last crypto asset that traders are eyeing is the peer-to-peer payment protocol Litecoin (LTC). According to Kaleo, LTC is bullish on Bitcoin (LTC/BTC) after the pair broke major resistance.

“One of the scariest things about the market right now is how bullish Litecoin looks. LTC/BTC breakout at multi-year highs, breakout at lows.”

resource: Caleo/Twitter

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