Ether could jump 35% from Tuesday’s close as it continues to outperform bitcoin, according to Fairlead Strategies’ Katie Stockton.
If ether can clear resistance near $2,724, it’s next target would be the 61.8% fibonacci retracement level near $3,356, Stockton said.
Ether traded up as much as 8% to $2,688 in Wednesday afternoon trades.