ETH Price Analysis USDT & BTC

A potential route to increase a stack of crypto is trade against BTC rather than GBP or the US Dollar. If you happened to buy in the FOMO of 2021 it is still possible to increase your wealth with the right opportunities. Below I will show my trade prices against USDT and BTC for different Alt coins.

ETHUSDT

As the leading alt coin and the second largest crypto by market cap ETH is always worth keeping an eye on. ETH has recently merged from a proof-of-work to a proof-of-stake system (now is not the time to get into the details of this as I want to focus on price predictions).

Buying ETH at the low levels I am anticipating would mean there is a 4x opportunity just for it to reach its 2021 all time high. Eth has significant institutional investment, first mover advantage, Vitalik Buterin (founder) and many other elements to do your own research on before investing.

ETHBTC

Historically ETH dropped 87% and 84% against BTC in 2017 and 2018. Currently ETH has only dipped 44% against its BTC valuation so, is there still room to the downside for ETH? In my view, yes. Support level 3 is not impossible but more likely is somewhere between support levels 1 and 2.

If you currently hold BTC then a way of increasing your bag is to buy ETH at the lower levels anticipating that it will return to higher levels for a selling opportunity. With that said, as investors we have to consider the risk to reward ratios. BTC is the hardest monetary asset available and ETH carries with it more regulatory risk that BTC therefore investors must be fully aware of the risks in making such a trade.