A widely followed crypto trader believes that one strong-performing Ethereum (ETH<\/a>)-based altcoin is about to have a huge breakout.<\/p>\n Pseudonymous crypto analyst Bluntz tells<\/a> his 223,000 Twitter followers that the price pattern of indexing protocol The Graph (grt<\/a>) indicates the potential of a 150% increase from its current value.<\/p>\n According to the trader, GRT broke out of an ascending triangle and also completed an Elliot Wave Theory three-wave correction pattern labeled A, B, and C.<\/p>\n \u201cSo many good setups out there that I’m liking, nice ascending triangle break out GRT 4-hour, plus huge abc looks complete on weekly timeframe as well, potential for this to do really well.\u201d<\/em><\/p>\n Looking at his chart, the trader predicts The Graph will soon head to at least the $0.25 price level.<\/p>\n The Graph has soared in price since the start of the year, trading for around $0.05 in December 2022. At the time of writing, GRT is worth $0.10, down 1.9% during the last 24 hours.<\/p>\n Also on the trader’s radar is the leading smart contract platform Ethereum.<\/p>\n According to Bluntz, ETH has broken out of a descending triangle and prediction<\/a> a rally to the $2,400 level by July. He also notes that ETH is picking up strength against Bitcoin (BTC<\/a>) on the ETH\/BTC chart.<\/p>\n \u201cETH\/BTC finally swept its major lows overnight which coincided with a bull flag break on the daily USD pair. Time to get some ETH exposure here in my opinion, targeting new highs. Haven’t been this excited about crypto in months.”<\/em><\/p>\n Ethereum is worth $1,878 at the time of writing, down 2% over the last 24 hours.<\/p>\n Lastly, Bluntz highlights<\/a> how Bitcoin’s latest rally this week has erased its two-month-long move to the downside.<\/p>\n \u201cIt’s times like these we get reminded why crypto is the best asset class to trade, two months of downside BTC price action reclaimed in a single weekly candle.\u201d<\/em><\/p>\n Bitcoin is trading for $30,022 at the time of writing, down 0.4% in the past 24 hours.<\/p>\n Don’t Miss a Beat SUBSCRIBE<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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