Ethereum continues to maintain its strength, with a crypto analyst stating that this indicates altcoins may experience explosive growth of up to 500% as early as October.
However, not all traders believe that Ethereum (ETH) will sustain its current upward trend.
Michaël van de Poppe, co-founder of MN Trading Capital, stated in a post on X on Thursday that he is "all in" on altcoins, adding that there could be "200-500% returns" in the next 2-4 months.
"The recent movement of ETH is the first step towards a higher risk appetite," he said.
According to data from Nansen, Ethereum has risen 6.09% in the past 24 hours, trading at $3,854 at the time of publication.
Data from TradingView shows that the ETH/BTC ratio, which measures Ethereum's relative strength against Bitcoin (BTC), has increased by 38.53% over the past 30 days.
Many market participants view the rise in Ethereum's price as a key indicator of an impending altcoin rally, suggesting that investors' risk appetite is shifting from Bitcoin to higher-risk assets.
Crypto trader Ash Crypto warns traders not to overlook Ethereum's historically weak performance during this period, as August to September "is typically a bearish month for cryptocurrencies, so I would be cautiously bullish."
According to CoinGlass, the third quarter has been the worst-performing quarter for Ethereum since 2016, with an average return of only 6.48%.
Some market participants are skeptical about the sustainability of the rebound. Crypto trader Muneeb stated that, in his view, "this phase is temporarily over."
If Ethereum rises to $4,000, a 3.7% increase from the current price, approximately $817 million in Ethereum short positions would face liquidation risk.
Others believe that history will not repeat itself. Crypto trader Cas Abbe stated in a post on X on Thursday, "This is the best time for ETH to strike against the bears," pointing out the decrease in supply on crypto exchanges and the rise in institutional interest.
Meanwhile, crypto analyst Wolf stated, "If Fundstrat's Tom Lee's recent prediction of Ethereum reaching $16,000 comes true, don't be surprised."
Wolf added, "Volatility, skepticism, and then a vertical lift."
Related: Ripple Acquires Stablecoin Payment Platform Rail for $200 Million
Original: “Trader: Ethereum (ETH) Surge Signals Altcoin Rally Coming with 200-500% Spike”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
