Crypto Trader Predicts Ethereum Surge and Bullish Altcoin Phase

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Cryptodnes2024/07/06 05:40

By:Cryptodnes

A well-known crypto trader and analyst is feeling optimistic about Ethereum compared to Bitcoin.

In a recent strategy session, the analyst Altcoin Sherpa mentioned that the ETH / BTC pair remains robust.

He noted that the ETH/BTC pair is in a favorable position for long opportunities, especially with the potential approval of spot Ethereum exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC).

Regarding Bitcoin, Sherpa states that its price is within a broad range between $73,000 and $56,000, though it appears bearish in the short term. He also mentions that a bullish phase for altcoins might start in about three months.

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Sherpa believes that although altcoins are currently experiencing a sell-off, a recovery might occur towards the end of the year, especially if Bitcoin stabilizes.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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