Crypto Trader Predicts Ethereum Surge and Bullish Altcoin Phase

A well-known crypto trader and analyst 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.

He noted that the ETH/BTC pair is in a favorable position for long opportunities, especially with the potential approval of spot Ethereum exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC).

Regarding Bitcoin, Sherpa states that its price is within a broad range between $73,000 and $56,000, though it appears bearish in the short term. He also mentions that a bullish phase for altcoins might start in about three months.

Sherpa believes that although altcoins are currently experiencing a sell-off, a recovery might occur towards the end of the year, especially if Bitcoin stabilizes.