Ethereum and Bitcoin Set for Record Highs

Ethereum nears an all-time high as Bitcoin enters a bullish rally; insights and future predictions in the crypto space.

Ethereum Eyes New All-Time High
According to crypto strategist Justin Bennett, Ethereum is on the cusp of making history, poised to break through its $4,000 support level. This breakthrough, if achieved, could propel ETH towards $4,800 and potentially to mid $5,000 levels. Bennett suggests that traders might shift their focus from Bitcoin profits to Ethereum for maximizing returns.


Bitcoin's Bullish Momentum
Bitcoin is currently exhibiting a strong upward momentum, reminiscent of a Christmas rally. Bennett anticipates Bitcoin will continue to defy expectations, possibly reaching between $116,000 and $125,000 by year-end, particularly amid speculation of BTC being considered as a US reserve asset.


The Focus on BTC and ETH
For the remaining days of December, Bennett emphasizes that the smart move is concentrating on Bitcoin and Ethereum, predicting significant bullish movements. He advises traders to be cautious of altcoins in the short term, as BTC and ETH are expected to outperform.


Actionable Takeaways
As enthusiasm builds, traders and investors should look for Ethereum to break the crucial $4,000 barrier. Meanwhile, keep an eye on Bitcoin's performance, especially given its potential to disrupt the market with a new all-time high. Strategic diversification between these two major cryptocurrencies could be beneficial while avoiding premature investments in altcoins till the market stabilizes post-rally.