The famous analyst of the crypto market, Altcoin Sherpa, stated that the ETH/BTC pair is approaching its bottom levels. Also, XRP$XRP
noted that it has gained 180% in value this month. Sherpa focuses on Bitcoin and Ethereum, while continuing to monitor other altcoins.
Sherpa stated that the ETH/BTC parity was approaching a significant turning point during the period when Ethereum was trading at $3,487 and Bitcoin at $97,997. In his statement on the social media platform X, he said that the parity was trading at Bitcoin's$BTC
He emphasized that it could hit the bottom after completing its current rally. This assessment could herald an important period for Ethereum investors.
Altcoin Sherpa predicted that the ETH/BTC pair could fall to 0.024 BTC levels in the coming months. This would mean a drop of about 30% for the pair, which is currently trading at 0.034 BTC. According to the analyst, the market will enter a new cycle after Bitcoin’s current rally ends. He noted that altcoins will rise with the completion of the Bitcoin rally. “Bitcoin needs to complete its rally and after this momentum, altcoins will rise,” Sherpa said.
Sherpa also emphasized that the ETH/BTC pair offers significant opportunities for investors in this process, and said that caution should be exercised regarding the general state of the market during the decline of the pair. This analysis provides a clear perspective on Ethereum's short-term price movements.
Sherpa also noted XRP’s recent strong performance. XRP has gained nearly 180% this month, rising to $1.38. Sherpa noted that XRP has a strong dollar flow but should be watched carefully in the long term. The analyst said, “XRP, Dogecoin ($0.423123)$DOGE
"It has gained significant momentum," he added.
In addition, Sherpa also touched on his investment strategy. He said that he focuses on major cryptocurrencies such as Bitcoin, Ethereum and Solana. He also stated that he continues to invest in tokens related to the artificial intelligence sector and some other altcoin projects. Sherpa stated that he created a strategy for the long-term accumulation period by making his portfolio more concentrated.
These developments in Ethereum and other altcoins create new opportunities for investors. Sherpa's evaluations can be an important guide, especially for those who follow the ETH/BTC parity. The dynamic structure of the crypto market requires investors to be careful.