4 Reasons Why Ethereum Will Still Outperform Bitcoin—Analyst Sees $4,000 To $6,000 As Target
Posted On November 20, 2024
Ethereum’s (CRYPTO: ETH) recent underperformance is a buying opportunity, with traders pointing to several factors that an altcoin season is still to come.
What Happened: Crypto chart analyst Ali Martinez predicts ETH will outperform Bitcoin (CRYPTO: BTC) in the current market cycle.
Martinez highlighted several key factors for his optimism:
- Investor Accumulation: Spot Ethereum ETFs have shifted from distribution to accumulation, amassing over $147 million in ETH, while Ethereum whales have purchased $1.4 billion worth of ETH.
- Price Targets: An ascending parallel channel suggests …
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