Here’s what’s in store for Ethereum (ETH) this month, according to crypto analyst Justin Bennett

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Closely followed crypto analyst Justin Bennett reveals what he believes is in store for Ethereum in January as ETH continues its downtrend.

In a new strategy session, Bennett says he is looking to recover ETH around the $ 3,000 level, currently at around 4% of current prices.

According to the crypto strategist, Ethereum needs to recover a crucial level to have any chance of resuming its bullish macro trend.

“As long as ETH is below $ 4,000 you need to be a little careful. If we see Etheruem in the coming weeks and months recovering this area here at $ 4,000 on a weekly and monthly close basis, so yeah, i think we’re going to continue the trend we’ve seen in 2021.

The analyst also takes a look at Ethereum in its Bitcoin (ETH / BTC) pair. Bennett says ETH / BTC could come out of a bullish triangle, playing a smaller version of what it did between 2017 and 2020.

Source: Justin Bennett / YouTube

Crypto analyst says ETH / BTC could be ready to start a long-term rally towards 0.18 BTC ($ 7,388) if it manages to properly hold 0.075 BTC ($ 3,077) as support.

“Longer term, I would expect this market to tend higher here [0.18 BTC] to this area. Of course, it all comes down to 0.075 in the short term. So we want this market to stay on top in order to see Ethereum continue to outperform Bitcoin in the short term. “

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