Is Ethereum Set to Surpass Bitcoin? Trader Predicts ETH/BTC Rally
A prominent trader is suggesting that Ethereum (ETH) is poised to outpace Bitcoin (BTC) significantly, while also predicting a strong rally for a meme coin.
Bluntz is closely monitoring the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair. According to Bluntz, the ETH/BTC pair is on the verge of exhibiting a rare bullish divergence, signaling a potential surge in Ethereum’s performance relative to Bitcoin.
only 8 days to go until eth/btc prints the first 2w bull div since *checks notes*…. never.
0.1 is obviously the target but we either undershoot or overshoot the f..k out of that pic.twitter.com/DJxyoVihs9
— Bluntz (@Bluntz_Capital) May 25, 2024
This divergence, typically indicating reversal areas amid upward momentum, could lead to significant gains for Ethereum against Bitcoin.
Bluntz has set a target of 0.1 BTC (equivalent to $6,900), representing a nearly 95% increase from the current levels of ETH/BTC. He notes that this would mark the first occurrence of a two-week bullish divergence in the ETH/BTC pair.
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In addition to Ethereum, Bluntz expresses bullish sentiment towards Pepe (PEPE), a meme coin with a frog-themed concept. He believes that Pepe stands out as the most promising coin within its sector and anticipates it becoming the “golden child” of meme coins while ETH/BTC rebounds.
look like $pepe wa the best looking meme of the majors after all.
with ethbtc likely bottomed (imo), i think it will continue to be the golden child meme moving forward and likely goes higher than many are expecting possible but at the end of the day we’re all speculating here. https://t.co/UbbIWAkl3d pic.twitter.com/c1zc45ifIe
— Bluntz (@Bluntz_Capital) May 23, 2024
While acknowledging the speculative nature of trading, Bluntz suggests that Pepe could exceed expectations as Ethereum’s performance improves. He emphasizes the speculative nature of these predictions, recognizing the inherent uncertainty in cryptocurrency markets.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
