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<p>ParabolicPump, a top cryptocurrency analyst, shared insights suggesting that the bottom for Ethereum (ETH) and Bitcoin (BTC) has likely been established, paving the way for an “epic Altseason.” In a <a href="https://x.com/ParabolicPump/status/1784596094703342010" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, ParabolicPump stated, “THE BOTTOM FOR $ETH / $BTC IS LIKELY IN! The stage is set for an epic Altseason!”</p>
<h2 class="wp-block-heading" id="strong-key-indicators-signaling-a-bullish-turn-strong"><strong>Key Indicators Signaling a Bullish Turn</strong></h2>
<p>According to ParabolicPump, several indicators point to a potential reversal in the market. The analyst highlighted that ETH/BTC “PERFECTLY bounced off the lower key horizontal level &amp; then successfully reclaimed the level above it.” Consequently, bears were trapped, implying a potential shift in market sentiment.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="647" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-1024x647.png" alt="" class="wp-image-483497" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-1024x647.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-300x190.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-767x485.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-1536x971.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-2048x1295.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-237x150.png 237w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-554x350.png 554w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299-788x498.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1299.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Moreover, a “HUGE bullish divergence” was formed on the Relative Strength Index (RSI) indicator on the weekly chart. Besides, ParabolicPump emphasized the significance of this signal, stating, “As this is a weekly chart, this is a VERY significant signal worth paying attention to! Remember, the longer the timeframe, the more reliable these signals are.”</p>
<h2 class="wp-block-heading" id="strong-potential-for-outperformance-strong"><strong>Potential for Outperformance&nbsp;</strong></h2>
<p>Furthermore, ParabolicPump expressed confidence in the outperformance of Ethereum over Bitcoin in the coming months, stating, “In the coming months, $ETH will outperform $BTC! And the majority of #Altcoins will outperform $ETH!”</p>
<p>The analyst suggested that breaking the diagonal trendline to the upside and holding above it would mark the beginning of “the real fun.” Additionally, ParabolicPump advocated accumulating altcoins at current levels, asserting that “Accumulating Altcoins here at current levels will produce life-changing gains.”</p>
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<h2 class="wp-block-heading" id="strong-a-contrarian-perspective-strong"><strong>A Contrarian Perspective&nbsp;</strong></h2>
<p>ParabolicPump acknowledged the prevailing sentiment of fear and caution among investors. However, the analyst viewed this as an opportune moment to be “MAXIMUM BULLISH,” especially after witnessing the developments in the charts.</p>
<p>Moreover, ParabolicPump congratulated those who weathered the storm stating, “If you didn’t get shaken out, congrats! The next months will be epic and the best is yet to come!”</p>
<p>While the cryptocurrency market remains volatile, ParabolicPump’s analysis offers a contrarian perspective, suggesting that the market has likely reached its bottom and encouraging investors to position themselves for potential gains in the altcoin market.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-predicts-ethereum-eth-to-outperform-bitcoin-btc-igniting-an-epic-altseason-heres-what-to-watch/" rel="noopener noreferrer nofollow">Analyst Predicts Ethereum (ETH) to Outperform Bitcoin (BTC), Igniting an ‘Epic Altseason’: Here’s What to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Predicts Ethereum (ETH) to Outperform Bitcoin (BTC), Igniting an ‘Epic Altseason’: Here’s What to Watch

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