A trader who accurately predicted Bitcoin’s 2022 crash is now bullish on Ethereum.
Ethereum Rally on the Horizon
Capo, a pseudonymous analyst, believes Ethereum is poised to rally as long as it holds support at $3,600. He predicts a move to $4,100, followed by a correction and a push towards its all-time high of $4,900.
Broader Market Correction
Capo views the recent market correction as a “shakeout” to remove weak hands. He believes crypto will resume its rally if Bitcoin remains above $69,000 and Ethereum trades above $3,600.
Altcoin Surge Expected
Despite the correction, Capo still expects altcoins to surge this month. He believes June could be a strong period for alternative cryptocurrencies.
