Crypto Trader and Analyst Altcoin Sherpa Is Feeling Optimistic About Ethereum Compared to Bitcoin

In a recent strategy session, the analyst Altcoin Sherpa mentioned that the ETH/BTC pair remains robust.

A popular crypto trader and analyst is upbeat on Ethereum relative to Bitcoin.

In a recent strategy session, the analyst known as Altcoin Sherpa pointed out that the ETH/BTC pair remains strong.

$ETH: ETHBTC still holding up pretty strong I still think this is a fine spot to get in before ETF- is it priced in? Probably But ETH to all time highs is near guaranteed before the end of the year pic.twitter.com/J6c14zeKLU

— Altcoin Sherpa (@AltcoinSherpa) July 3, 2024

He noted that the ETH/BTC pair is setting up nicely for long opportunities, especially with the potential approval of spot Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

As for Bitcoin, Sherpa noted that its price is within a broad range between $73,000 and $56,000, although it appears bearish in the short term. He also pointed out that a bullish phase for altcoins may begin in about three months.

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High time frame $BTC chart still no real clarity to be honest The 200d EMA around range lows is appealing but the gap between price and the EMA isn’t large enough to auto bid IMO.

Price still in a overall HTF range between 73-56k but things ofc look bearish in the short term pic.twitter.com/kTyUdNh1Nh

— Altcoin Sherpa (@AltcoinSherpa) July 3, 2024

Sherpa noted that while altcoins are currently experiencing a sell-off, a recovery may occur towards the end of the year, especially if Bitcoin stabilizes.

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