A crypto analyst predicts a potential 180% surge in the ETH/BTC trading pair, signaling that now might be an opportune time for investors to consider converting their BTC holdings to Ethereum. Time To Swap Bitcoin For Ethereum The price of Ethereum has been in such a significant bearish trend over the past few months that analysts have labeled it "the ultimate shitshow of this cycle.” Despite the launch of Spot Ethereum Exchange Traded Funds (ETFs), the market sentiment for ETH remains low, and its price continues to fluctuate. Related Reading: XRP Price To Reach $40?
As such, the analyst predicts a 180% surge for ETH/BTC, highlighting that it may be time for investors to begin swapping their Bitcoin for Ethereum to capitalize on ETH’s anticipated price rebound potentially. On September 12, the analyst took to X (formerly Twitter) to discuss his observations about the ETH/BTC trading pair on the monthly chart.
CryptoBullet has identified this unique trend in past cycles, including between 2016 and 2017 before a major rally, again from 2018 to 2021, and now from 2022 with expectations of a strong price rebound extending into 2025. With 2022 acting as the testing phase, and 2024 marked by an accumulation and breakdown period, CryptoBullet forecasts that the price of Ethereum relative to Bitcoin could climb to $0.0885 or $0.11.
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