The analyst predicts several weeks of bullish price action for altcoins, says that the trend switch for Ethereum is clear
A largely followed analyst believes that altcoins are about to explode while massively surpassing Bitcoin (BTC).
Crypto Michaël Van de Poppe's strategist says to his 786,000 subscribers on the X social media platform that he see Altcoins lighting a strong upward trend that could last for several weeks.
According to the analyst, the Bitcoin graph (Total 3 / BTC) blinker A bullish divergence, indicating that the alts are ready to steal the thunder of King Crypto.
Total3 follows the total market capitalization of the crypto, excluding Bitcoin, Ethereum (ETH) and Stablecoins. Meanwhile, an upward divergence suggests that the purchase of the momentum increases even if prices are increasing or on the side.
Said Van de Poppe,
“The market capitalization of Altcoin against Bitcoin is still massively bullish.
The longest divergence increased in history. »»
Looking at Ethereum, the analyst believes This ETH finally overturned Bitcoin (ETH / BTC), supporting its position more according to which altcoins will dominate the crypto market.
“The bullish divergence on the ETH three weeks ago indicated a potential reversal.
The lowest was confirmed, then a massive escape took place.
The trend switch is clear.
Now it is a divergence daily. On several altcoins, we see weekly differences.
Good times. “”
At the time of writing, the ETH / BTC pair is negotiated at 0.0242 BTC worth $ 2,515.
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