Ethereum To See 'Bullish Price Action' Once It Crosses This Level, Says Crypto Analyst

A pseudonymous crypto analyst on Twitter has predicted bullish price action on the second largest crypto Ethereum (CRYPTO: ETH), as the overall market signals bullish.

What Happened: Kaleo told his 553,000 followers on Twitter that Ethereum is up to the $1,340-mark and is “slowly but surely grinding higher.”

$ETH up to $1340... slowly but surely grinding higher from the initial tweet

Expecting bullish price action to accelerate above $1400 pic.twitter.com/gw1RZJMeCZ

— K A L E O (@CryptoKaleo) January 10, 2023

The analyst said they are expecting bullish price action to accelerate above $1400.

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Kaleo had predicted on Dec. 23 that Ethereum would rally to $2000 soon. On the same thread, the analyst also noted that for this to happen Bitcoin (CRYPTO: BTC) would need to run up to $35,000 or greater. 

For this to reconcile with the ETH / BTC ratio breakdown, BTC would need to run up to ~$35K+ https://t.co/dDjPf6IncJ

— K A L E O (@CryptoKaleo) December 22, 2022

Price Action: Ethereum was trading at $1,334, up 1% in the last 24 hours, according to Benzinga Pro data.

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