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Home»ALTCOIN NEWS»Here’s where Ethereum could finally bottom compared to Bitcoin, according to cryptocurrency analysts:
ALTCOIN NEWS

Here’s where Ethereum could finally bottom compared to Bitcoin, according to cryptocurrency analysts:

By Crypto FlexsNovember 25, 20242 Mins Read
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Here’s where Ethereum could finally bottom compared to Bitcoin, according to cryptocurrency analysts:
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Renowned cryptocurrency analyst Altcoin Sherpa said that Ethereum (ETH) is likely approaching a cycle bottom in the Bitcoin pair (ETH/BTC).

An anonymous trader tells his 230,000 followers on social media platform

“I know everyone is talking about Altseason now and no one wants it more than me. But I think BTC will need to temporarily complete its run for Alter to run (aka January 2021).

ETH will probably find a bottom compared to BTC in the coming months. This or 0.024 is the area I am observing.”

Source: Altcoin Sherpa/X

As of this writing, ETH/BTC is trading at 0.034 BTC, equivalent to $3,314. A correction to the analyst’s low target of 0.024 BTC would represent a nearly 30% downside move for the pair.

Altcoin Sherpa is also looking at XRP, the native token of the XRP Ledger (XRPL), which is up about 180% this month alone. The trader said XRP will be one to watch in the upcoming altcoin season.

“XRP is very close to its old 2021 highs.

Wild This product went up to $3 in 2017.

These dollars will probably flow to DOGE, but nonetheless remains to be seen. “Many years of accumulation.”

video
Source: Altcoin Sherpa/X

As of this writing, XRP is trading at $1.38.

Altcoin Sherpa also reveals some of his highest conviction holdings, including Bitcoin, Ethereum, Solana (SOL), memecoins, and altcoins from the artificial intelligence (AI) sector.

“Current bag:

Major BTC/ETH/SOL
spot doji
Spot BONK.

If I were fully in the office, I would get utility coins from the spot (market).

On-chain:
Various AI bags such as GOAT, ZEREBRO, etc.

Other bets like KEYCAT, NPC, BONGO.

“I’m trying to focus more.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

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