🚀 Ethereum Price Prediction: Analyst Predicts 100% Rise Against Bitcoin 📈💹
Crypto analyst Michaël Van De Poppe has just unveiled an exciting Ethereum prediction against Bitcoin, forecasting a whopping 100% increase in the near future. Here's the scoop on the anticipated rally and the factors driving this bullish outlook.
1. Analyst's Bold Forecast: 100% Rise for Ethereum Against Bitcoin!
Van De Poppe shared a chart on the weekly timeframe, showcasing Ethereum's performance against Bitcoin (ETH/BTC pair). The chart reveals a decline since mid-2022, reaching a low of 0.04922 in 2023 due to the surge in Bitcoin's price, fueled by spot Bitcoin ETF enthusiasm.
2. Catalysts for Ethereum's Potential Surge: Spot Bitcoin ETFs and Rotation Dynamics!
According to the analyst, the approval of spot Bitcoin ETFs could trigger a liquidation candle on the ETH/BTC pair, drawing liquidity to the 2022 low. Subsequently, a rotation into Ethereum, coupled with a bullish weekly divergence, might propel the ETH/BTC pair to a target just above 0.12, implying a remarkable 100% increase.
💬 Van De Poppe's Insights: "If a Bitcoin ETF approval occurs, we may see a liquidation candle on ETH/BTC, followed by a rotation into Ethereum with a bullish weekly divergence."
📊 Chart Analysis: Ethereum's potential surge to levels not seen since the 2018 major bull run.
🔄 The Rotation Game is On: Spot Bitcoin ETFs Approved!
Recent SEC approval of spot Bitcoin ETFs caused a spike in Bitcoin prices to $48,600. Despite a temporary stall, the implications for Ethereum's surge remain promising. The rotation dynamics triggered by ETF approval could mark a significant turning point for Ethereum.
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