Analyst Ethereum Nearly Guaranteed to Outperform Bitcoin by Over 180 Here Are His Targets

CoinJunction reports:
A widely followed cryptocurrency trader expresses optimism about Ethereum (ETH) compared to Bitcoin (BTC).
During a recent strategy meeting, the anonymous cryptocurrency analyst Altcoin Sherpa informed his 217,800 followers on the social media platform X that Ethereum/Bitcoin (ETH/BTC) pair remains “fairly strong.”
Sherpa notes that with the possibility of the U.S. Securities and Exchange Commission (SEC) approving an Ethereum exchange-traded fund (ETF), the Ethereum/Bitcoin pair is currently in a “good position” for long opportunities.
“ETH is almost guaranteed to reach its all-time high by the end of the year.”
Source: Altcoin Sherpa/X
At the time of writing, Ethereum’s trading price stands at 0.05457 BTC ($3,142), needing approximately a 187% increase to reach its historical high point of 0.15636 BTC in November 2021.
Regarding the cryptocurrency king, Sherpa mentions,
“The price is at an overall high between $73,000 and $56,000, but in the short term, it looks bearish.”
Source: Altcoin Sherpa/X
Summarizing his analysis, Sherpa states that around three months from now, altcoins may enter a bullish phase.
“Altcoins continue to be sold off, and I still don’t see the end of this trend. I have never understood why people think we are entering some sort of alternative season in the summer.”
I might see it in the ETH ETF bid, but you typically need a healthy BTC for that to materialize. It’s a possibility, but I am a bit pessimistic. I think we are likely to stay calm for the next few months, and then have a very good fourth quarter.”
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