Ethereum

Cryptocurrency

Bitcoin

when

Cryptocurrency analyst il Capo of Crypto, generally known for his bearish views, talked about Ethereum (ETH) in his latest statement. 
According to the analyst, ETH price has bounced nicely from the support zone. The analyst argued that there is a good situation for ETH to continue the bullish trend on the lower time frame charts. According to il Capo, turning resistance at the $3,300 level into support could represent a bullish confirmation for higher prices, potentially including a new all-time high. 
In addition, the analyst said that the ETH/BTC pair is also looking good and he believes that altcoins along with ETH will outperform Bitcoin in the coming days. 
Related News: <a href="https://en.bitcoinsistemi.com/watch-out-theres-lots-of-economic-developments-and-altcoin-events-in-the-new-week-heres-what-to-watch-day-by-day-hour-by-hour/" target="_blank" rel="dofollow">Watch Out: There's Lots of Economic Developments and Altcoin Events in the New Week - Here's What to Watch Day by Day, Hour by Hour</a> 
The analyst, who is often known for his bearish statements that the market will fall, shared one of his rare bullish analyses. 
Ethereum price is trading at $ 3,135 at the time of writing this article. On Tuesday, when Bitcoin fell below $ 57,000, the price of ETH dropped to around $ 2,700. However, the world's largest cryptocurrency is currently hovering around $63,700. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/legendary-bearish-analyst-il-capo-says-one-altcoin-could-hit-all-time-high/">Legendary Bearish Analyst il Capo Says One Altcoin ‘Could Hit All-Time High’</a>

Legendary Bearish Analyst il Capo Says One Altcoin ‘Could Hit All-Time High’

Bitcoin Sistemi EN

Other articles published on May 6, 2024

Robinhood Receives Wells Notice from U.S. SEC, Stock Declines 2.5%

Coinbase slapped with class-action lawsuit

Ethereum Whales Increase Trading Activity

Turning Market Downturns into Opportunities: How This AI Bot Profits Big on Downward Crypto Trends

FreshPet Reports $0.37 EPS and $223.8 M in Q1 Revenue, Beating Expectations

Cryptocurrency Market Analysts Predict Rising Trends

Join our free newsletter for daily crypto updates!