Analyst and investor Justin Bennett is hatching a super bullish scenario for ETH, wondering “what if” the largest altcoin explodes over 700% in the coming months.

The analyst shared a chart depicting the oscillating ETH within a huge ascending channel that began in March 2020.

“ETH, what if?”

The source: Justin Bennett / Twitter

According to the graph above, ETH bounced off the bottom near the $ 2,700 mark and is currently moving towards the top of the channel. If the idea becomes a reality, the price could trade around $ 30,000 around May 2022 if it trades at the top of this ascending channel.

According to TradingView, this would represent an increase of 735% compared to the current ETH price of US $ 3,494.

Credible Crypto is similarly upbeat, but with a lower aim. The analyst said that ETH has started to reverse and expects a higher bottom to form around $ 3,000 before exploding to an all-time high.

The source: Credible crypto / twitter

As for the altcoin market as a whole, Bennett believes it could offer some golden opportunities. As long as Bitcoin can maintain its upward momentum, altcoins like the decentralized supply chain management platform VeChain (VET) may have a chance to change.

“Since September, VET has had two failed outbreaks. However, it hit the April trend line again on Tuesday. As long as BTC continues, it’s time to add trailing altcoins. “

The source: Justin Bennett / Twitter

Bennett also identified several key price levels for BTC. According to him, there is still a roadblock before an all-time high is reached.

“Last hurdle before $ 60,000 +. BTC has to close above $ 54,300 to flip it in support. “

The source: Justin Bennett / Twitter

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