A closely watched crypto trader predicts that Ethereum (ETH) will reach new all-time highs (ATHs) within days.
Pseudonymous trader Criptopaul tells According to its 135,400 followers on social media platform
The next halving is expected to take place around April 19.
Says the merchant,
“The half-life month [has arrived] and historically it has always been a crossroads for the altcoin explosion and ETH/BTC reversal. Are you ready? I also expect a new ETH ATH within 30 days.”
ETH/BTC is trading at 0.05017 BTC ($3,495) at the time of writing, down more than 2% in the past 24 hours. Ethereum reached an all-time high of almost $4,900 in 2021.
The trader too believes that other altcoins will start new rallies this month.
“Some altcoins are breathing a bit again, this was the pre-second stage, the third stage will soon be coming everywhere to the new ATH. I’m just hanging in there.”
One altcoin that caught traders’ attention is the top meme token Dogecoin (DOGE). The analyst thinks DOGE is printing a similar price pattern around the $0.20 level as it was around $0.01 prior to a huge rally.
The trader shares a chart that suggests DOGE could witness a parabolic rally if the pattern repeats.
“DOGE: What could go wrong?”
The trader too say it is within the realm of possibility for Dogecoin to overtake Ethereum (ETH) market cap this cycle.
“I wouldn’t be surprised if Dogecoin turns around Ethereum during this bull run. I’m sure you’ll laugh here too, like with my post about Solana for $9 on December 30, 2022, but I’m not kidding – again.”
Dogecoin is trading at $0.202 at the time of writing, down over 6% at the time of writing.
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Generated image: DALLE3