A widely respected cryptocurrency analyst and trader has revealed his predictions for the future of Ethereum (ETH), expressing bullish sentiments about one memecoin built on the Solana (SOL) blockchain.
The analyst, who goes by the pseudonym Flow Horse, told his 216,400 followers on social media platform
According to an anonymous analyst, WIF could turn bullish after a consolidation phase.
“I don’t think WIF is ready to take off its hat yet.”
WIF is trading at $2.97 at the time of this writing, down about 38% from its all-time high in March.
Flow Horse mentioned ETH, which could have an impact if the U.S. Securities and Exchange Commission (SEC) approves a spot Ethereum exchange-traded fund (ETF), the second-largest cryptocurrency asset by market capitalization after Bitcoin (BTC). They say there is. ETH has been on the rise for several weeks.
“Ethereum ETF trading is better than Bitcoin for too many reasons to list. But to put it simply:
You can guarantee that the market is still caught off guard by the pivot and there is still room for doubt and disbelief that will not enter until the headlines come out.
Short-term pops and corrections were followed by weeks of strong upward trends.
**It’s also easier to move ETH than BTC**”
As of this writing, Ethereum is trading at $3,864, up about 29% over the past seven days.
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