Ethereum Shatters All-Time High, Analyst Says Traders Should Watch What These 5 Altcoins Do Next

The price of Ethereum (ETH) has officially shattered its all-time high, breaking through the $1,431 mark.

The second-largest cryptocurrency’s previous all-time high was set back in January of 2018.

According to the price aggregator CoinMarketCap at time of publishing, ETH has reached as high as $1,467.

Macro guru and crypto investor Raoul Pal says he expects ETH to lead the crypto pack in the near term, with a renewed altcoin season on the horizon.

“At this point and for a while, ETH leads, alts season follows and bitcoin still explodes higher. Everyone wins.

Enjoy and take on board the FUD with a open mind but remember, in an exponential bull market everyone wants to spook you out of your trade. It’s really not easy.”

The popular pseudonymous analyst Cred tells his 191,000 Twitter followers that he believes ETH is at the start of a major move to the upside, with the DeFi market to follow.

He’s now watching five altcoins in particular.

“If requirements are met, I’d expect ETH to outperform in the first leg during price discovery but for DeFi to remain bid.

The simplest means of acting on this would be via ETH/USD longs. Other alts likely higher beta. Eyes on: Uni, Sushi, Link, Dot, Aave.”

At time of publishing, ETH is at $1,427, up 13.47% in the last 24 hours.

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Featured Image: Shutterstock/NothingIsEverything


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