tl;dr
A trader known as DonAlt, who accurately predicted Bitcoin's bottom in 2022, believes Ethereum (ETH) could soon become a top market performer. He considers ETH his top crypto pick after Bitcoin, noting that people may be underestimating ETH due to recent poor price action, similar to how Solana was ...
Trader DonAlt, who accurately predicted Bitcoin's 2022 bottom, believes Ethereum (ETH) is poised to become a top market performer and is currently undervalued due to recent poor price action.
ETH/BTC is maintaining key historic support levels, suggesting a potential breakout for Ethereum against Bitcoin.
DonAlt favors Ethereum as the best long-term crypto asset after Bitcoin, even amid recent retracements and competition from Solana.
DonAlt, known for forecasting Bitcoin’s bottom in 2022, considers ETH his top crypto pick after Bitcoin. He suggests that ETH is being underestimated because of recent price struggles, drawing a parallel to Solana’s earlier undervaluation before its significant rise.
He highlights that ETH is holding crucial support levels against Bitcoin on the weekly chart, signaling a strong chance for a breakout.
Despite some retracement, ETH remains well above its 2015 and 2017 price levels against Bitcoin, reinforcing its long-term value proposition.
Currently, ETH/BTC trades at 0.01914 BTC (approximately $1,856), marking nearly a 2% increase over the past 24 hours.
DonAlt emphasizes that although ETH experienced a pullback from its 2020 gains, it still outperforms many expectations, making it his preferred long-term pick besides Bitcoin.
He also acknowledges that Solana has taken some market share from ETH but believes ETH’s fundamentals remain robust.
In summary, DonAlt’s outlook on Ethereum reflects a mix of historical context, technical support levels, and market sentiment, portraying ETH as a compelling investment opportunity for those seeking growth beyond Bitcoin.