Cryptocurrency market Especially in the last few days, it has taken a hit and the fully bullish market realized that there could be a fall as well.
BTC, While pushing the $46,000 levels $42,000 withdrawn to support. While this situation also affects altcoins, a leading analyst emphasized that the actual altcoin effect has not been seen yet.
Ethereum’s Rally Hasn’t Started Yet
Popular cryptocurrency analyst Altcoin Psycho, Ethereum‘Fame (ETH) He thinks that some rival projects may see bottom levels by the end of the year.
In his statement, which he made days ago and updated yesterday, the analyst emphasized that the ETH price can rise very quickly if the right conditions are met.
The analyst stated that “copy and paste L1” projects have a period of about 1 year to stay behind this rise. According to the famous name, this period is stated as “maximum”.
Psycho stated that as Ethereum replica projects die, more attention will be focused on ETH.
Especially ETH 1.0from ETH 2.0Stating that the transition to . will create excitement, the experienced analyst emphasized that it has not been priced yet.
According to the analyst, this is cardano As such, it can be described as sad for Proof-of-Stake-based altcoins and pleasing for ETH.
Looking at the previous 2013, 2017 and 2021 rallies, it is seen that the general movement in all of them was initiated by ETH.
Psycho is assertive in this regard and thinks that a similar move can be seen again and that Ethereum will lead the bull.