It is with no small measure of astonishment that I report the continued fortitude of Ether, which, according to a certain crypto analyst, may very well herald an impending rally of altcoins, promising gains of a most extravagant nature-up to 500%-as soon as the month of October graces us with its presence. 🎉
Yet, dear reader, not all traders are swayed by the siren call of Ether’s current ascent. Indeed, some remain steadfast in their skepticism regarding the sustainability of this upward trend.
Altcoins May Begin Their Ascent by October
One Michaël van de Poppe, co-founder of MN Trading Capital, has boldly declared his allegiance to altcoins in a recent missive on the platform known as X. He proclaims himself “all-in” on these lesser coins, suggesting that there exists the potential for a most delightful profit of “200-500% in the next 2-4 months.” How charmingly optimistic! 😏
He further posits that the recent movements of Ether are but the first steps toward a more audacious appetite for risk among investors.
As of the latest reports, Ether has experienced a commendable increase of 6.09% within the span of a mere 24 hours, trading at the princely sum of $3,854, as noted by the esteemed Nansen.
Moreover, the ETH/BTC ratio, which serves as a measure of Ether’s relative strength against the illustrious Bitcoin, has risen by 38.53% over the past thirty days, according to the ever-reliable TradingView.
Many a market participant perceives the rising price of Ether as a harbinger of forthcoming altcoin rallies, indicating a shift in the investor’s appetite toward assets of a more precarious nature, beyond the hallowed Bitcoin.
Will Ether Defy the Weakness of Q3?
However, the astute crypto trader Ash Crypto has issued a word of caution, advising traders to remain vigilant against Ether’s historically lackluster performance during this particular season. Indeed, the months of August and September have, in years past, been rather bearish for the crypto realm, leading him to adopt a stance of cautious optimism.
Historically, the third quarter has proven to be Ether’s most feeble period, yielding an average return of a mere 6.48% since the year 2016, as per the findings of CoinGlass.
Yet, some market participants remain dubious regarding the continuation of this rally. The crypto trader Muneeb has expressed his belief that “this leg is done for now.” How delightfully pessimistic!
A move to the illustrious sum of $4,000, representing a modest 3.7% increase from Ether’s current valuation, would place approximately $817 million in ETH short positions perilously close to liquidation.
Others, however, are inclined to believe that history may not repeat itself in this instance. The crypto trader Cas Abbe has suggested, in a recent post on X, that “this is the perfect time for ETH to rekt the bears,” citing a decline in supply on crypto exchanges and a burgeoning interest from institutional investors.
Meanwhile, the crypto analyst Wolf has advised us not to feign surprise should Fundrat’s Tom Lee’s recent prediction of Ether reaching the lofty heights of $16,000 come to pass.
“Volatility, disbelief, then verticality,” Wolf has sagely remarked. How very profound!
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2025-08-08 06:31