A encryption analyst says that the ether continued to keep the force, indicating that Altcoins may prepare for an explosive crowd of 500 % in early October.
However, not all merchants are convinced of the ether (EthThe current rising range will continue.
Altcoins may start spreading gains by October
Co -founder of the founder of the commercial capital Michaël Van de Poppe He said In the X publication on Thursday, “All in” is on Altcoins, adding that there may be “200-500 % to be done in the next 2-4 months.”
“The last step for Eth is the first step forward to a more risky appetite. ”
Ether gained 6.09 % over the past 24 hours, to trade at $ 3,854 at publication time, According to To Nansen.
ETH/BTC ratio, which measures the relative strength of the ether against bitcoin (BTC38.53 % over the past thirty days, According to To TradingView.
Many market participants see the high price of ETHER as a major indicator in the upcoming Altcoin marches, indicating a shift in the investor’s appetite towards high -risk assets outside Bitcoin.
Will the ether conflict in the direction of the weak Q3?
Ambolic encryption tradition to caution Traders do not ignore the historically weak performance of the ether during this time of the year, as from August to September “generally declining encryption months, so I will be optimistic with caution.”
The third quarter has been historically the weakest performance in the ether every year since 2016, as it has achieved a average return of only 6.48 %, According to To Coinglass.
Some market participants remain skeptical of continuing the gathering. Monip’s encryption dealer He said This, in his opinion, “This leg is now.”
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A Move To 4000 dollars, which represents an increase of 3.7 % of the current ETH price, will put nearly $ 817 million in short ETH sites at risk of filtering.
Others suggest that history will not repeat itself this time. Cas ABBE code He said In the X Publishing on Thursday, “This is the perfect time for ETH to reunify the bears,” noting that the offer is decreased on the exchange of encryption and the height of institutional interests.
Meanwhile, Wolf encryption analyst He said “Do not act amazed” if Tom’s predictions of the last $ 16,000 donations come to its fruits.
Wolf said: “Volatility, disbelief, then vertical.”
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
