The ether still keeps strength, signaling that altcoins can prepare for an explosive rally up to 500% in October, said a cryptographic analyst.
However, not all traders are convinced of the current ether (ETH).
Altcoins can start publishing profits by October
My commercial co -founder Michaël van de poppe he said On Thursday, on Thursday, there is “All-in” on Altcoins, adding that in the next 2-4 months there may be “200-500%”.
“A recent movement ETH is the first step to a more risky appetite, he said.
The ether has gained 6.09% in the last 24 hours to trade at USD 3,854 at the time of publication, According to To Nansen.
The ETH/BTC ratio, which measures the relative strength of the ether against Bitcoin (BTC), has increased by 38.53% in the last 30 days, According to to TradingView.
Many market participants perceive the growing price of Eterra as a key indicator of the upcoming Altcoin rallies, signaling a change in investors’ appetite to higher risk assets outside Bitcoins.
Will Ether will be contrary to the weak Q3 trend?
Ash Crypto trader warned Not ignoring the historically poor results of Ether at this time of year, because from August to September “they are generally bears for cryptocurrencies, so I would be carefully stubborn.”
The third quarter was historically the weakest education of Ether each year from 2016 According to to Couminglass.
Some market participants remain skeptical about the continuation of the rally. Crypto Maneeb trader he said This, in his opinion, “for now this leg is ready.”
Related: Crypto Trader Bot Scam on YouTube Loted 256 Eth: Sentinellabs
AND carry Up to USD 4,000, which is a 3.7% increase compared to the current price of ETH, would cause about USD 817 million in short ETH positions at the risk of liquidation.
Others suggest that this time history will not happen again. CAS ABBE. he said On Thursday X on Thursday, “this is the perfect time to recover the bear” pointing to the decreasing supply of cryptocurrency exchange and growing institutional interests.
Meanwhile, the cryptographic analyst Wolf he said“Do not behave” if the recent forecast of Etera Tom Lee has achieved implementation.
“Variation, disbelief, then verticality,” said Wolf.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
