Ethereum Bulls Charge Ahead: Analyst Predicts ETH and Altcoin Dominance Over Bitcoin Ahead of ETF Decision

Top analyst CryptoCapo highlighted Ethereum's positive market performance, noting a strong rebound from the support zone suggesting bullish continuation. Surpassing $3,300 could signal new all-time highs. He pointed out the promising ETH/BTC pair outlook, suggesting Ethereum and altcoins may outperform Bitcoin ahead. This optimism aligns with the upcoming May 23, 2024 decision on approving Ethereum ETFs, which could further impact its trajectory. Crucial levels to watch are $3,300, $2,041, and the 0.05403 BTC ratio. A sustained move above $3,300 puts Ethereum on track to retest its $4,867 ATH from 2021, while a fall below $2,041 would signal a bearish shift.