Cryptocurrency strategist Justin Bennett has made promising predictions for Ethereum (ETH) $3,270 and Dogecoin $0.332369 (DOGE). He stated that as long as ETH maintains its critical support levels, it can reach new peaks. For DOGE, he foresees a historical rally on the horizon.
Expectations for New Records in Ethereum
Bennett indicated that Ethereum is on a positive trajectory as long as it stays above the $3,950 level. He stated, “ETH is moving towards the $5,000 target. If the current support levels are maintained, the continuation of the bull market is inevitable.” Bennett also pointed out the ETH/BTC pair, suggesting that a breakout above 0.04 BTC on the weekly chart would indicate further upward potential for Ethereum. “If ETH/BTC reclaims this level as support, Ethereum’s momentum will increase rapidly,” he added.
According to Bennett’s analyses, Ethereum’s price currently stands at $3,997. Not falling below $3,950 supports bullish expectations in the market. This situation could be particularly significant in determining ETH’s weekly close. “A breakout of the ETH/BTC channel will take Ethereum to new peaks,” he remarked.
Rally Signals for Dogecoin
Bennett predicts that Dogecoin (DOGE) could surpass its all-time high of $0.7316 reached in May 2021. “If DOGE breaks the $0.45 resistance, a wave of increase will begin. This consolidation seen on the daily chart could herald a major rally,” he noted.
Currently, Dogecoin’s trading price is at $0.456. Bennett stated that if the $0.45 level is clearly exceeded on intraday charts, the price could increase by at least 20%. “If DOGE breaks the resistance, it will overcome all obstacles and reach new peaks,” he added.
The strategist mentioned that Dogecoin aims for $0.76 in the near future. These forecasts, based on technical analyses, serve as guidance for both Ethereum and Dogecoin traders. It is emphasized that if the bullish trend in the cryptocurrency market continues, these support and resistance levels should be monitored closely.