- Ethereum draws attention as Bitcoin dominance struggles to maintain momentum.
- Analyst expects a pump of over 240% for ETH price suggesting new ATHs in the New Year.
- ETH price could set a new ATH at $11,865.6 in the coming months.
As Bitcoin continues its steady sideways movement amid the fall of BTC dominance, many analysts look towards altcoins. What with altseason historically arrived in Q1 after every Bitcoin Halving and the looming New Year, most predict pioneer altcoin, Ethereum (ETH) to begin its rally soon after the next 3 days.
Ethereum Days Away for Explosive Rally
As we can see from the post above, this analyst highlights how historically, Ethereum always performs spectacularly in Q1 of every year following a Bitcoin Halving year. Moreover, the crypto market is in the midst of what could be the bullish phase of the ongoing crypto bull cycle, altseason, and the super cycle phase as many analysts expect.
In the following months of Q1, ETH price is expected to set a series of new ATHs and lead what may become the most bullish part of the ongoing altseason. The price of Ethereum is yet to set a new ATH this bull cycle, unlike pioneer crypto Bitcoin which set a series of new ATH starting last month.
$11,865.6 ETH ATH in the Works
Many analysts say alttseason got a head start this bull cycle especially due to some altcoins already setting new ATHs. Meanwhile, ETH seems like it’s just getting started. As we can see from the post above, this analyst says that ETH price with a similar performance to the 1.618 Fib Level as it did this past bull cycle, could be set for a pump of over 240% from its current price.
What’s more, the analyst suggests an ATH for ETH price at $11,865.6. Indeed, a bullish expectation for the altcoin that could certainly turn the tide for altseason and support the arrival of multiple new ATHs for many highly prominent altcoins this crypto bull cycle.
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