Analyst Predicts Ethereum (ETH) to Outperform Bitcoin (BTC), Igniting an ‘Epic Altseason’: Here’s What to Watch
ParabolicPump, a top cryptocurrency analyst, shared insights suggesting that the bottom for Ethereum (ETH) and Bitcoin (BTC) has likely been established, paving the way for an “epic Altseason.” In a tweet, ParabolicPump stated, “THE BOTTOM FOR $ETH / $BTC IS LIKELY IN! The stage is set for an epic Altseason!”
What you'll learn 👉
Key Indicators Signaling a Bullish Turn
According to ParabolicPump, several indicators point to a potential reversal in the market. The analyst highlighted that ETH/BTC “PERFECTLY bounced off the lower key horizontal level & then successfully reclaimed the level above it.” Consequently, bears were trapped, implying a potential shift in market sentiment.
Moreover, a “HUGE bullish divergence” was formed on the Relative Strength Index (RSI) indicator on the weekly chart. Besides, ParabolicPump emphasized the significance of this signal, stating, “As this is a weekly chart, this is a VERY significant signal worth paying attention to! Remember, the longer the timeframe, the more reliable these signals are.”
Potential for Outperformance
Furthermore, ParabolicPump expressed confidence in the outperformance of Ethereum over Bitcoin in the coming months, stating, “In the coming months, $ETH will outperform $BTC! And the majority of #Altcoins will outperform $ETH!”
The analyst suggested that breaking the diagonal trendline to the upside and holding above it would mark the beginning of “the real fun.” Additionally, ParabolicPump advocated accumulating altcoins at current levels, asserting that “Accumulating Altcoins here at current levels will produce life-changing gains.”
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +A Contrarian Perspective
ParabolicPump acknowledged the prevailing sentiment of fear and caution among investors. However, the analyst viewed this as an opportune moment to be “MAXIMUM BULLISH,” especially after witnessing the developments in the charts.
Moreover, ParabolicPump congratulated those who weathered the storm stating, “If you didn’t get shaken out, congrats! The next months will be epic and the best is yet to come!”
While the cryptocurrency market remains volatile, ParabolicPump’s analysis offers a contrarian perspective, suggesting that the market has likely reached its bottom and encouraging investors to position themselves for potential gains in the altcoin market.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
