Analyst Predicts Multiple Weeks of Bullish Price Action for Altcoins, Says Trend Switch for Ethereum Is Clear

Altcoins Poised for Explosive Growth, Outperforming Bitcoin: Analyst

A prominent crypto strategist with a large following has predicted that altcoins are on the verge of a major surge, set to outperform Bitcoin (BTC) by a significant margin.

Michaël van de Poppe, a well-known analyst, recently shared his insights with his 786,000 followers on X, stating that he sees a strong uptrend in altcoins that could last for several weeks.

One key indicator that Van de Poppe pointed out is the TOTAL3/BTC chart, which tracks the total market cap of cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins. He noted that the chart is showing a bullish divergence, indicating that altcoins are likely to overshadow Bitcoin in the near future.

Van de Poppe expressed his optimism, saying, “The altcoin market capitalization against Bitcoin is still massively bullish. The longest bullish divergence in history.”

Turning his attention to Ethereum, Van de Poppe also highlighted a bullish trend against Bitcoin (ETH/BTC), further reinforcing his belief in the dominance of altcoins in the crypto market. He stated, “The bullish divergence on ETH from three weeks ago indicated a potential reversal. The higher low was confirmed, and then, a massive breakout took place. The trend switch is clear. Now, this is a daily bullish divergence. On multiple altcoins, we see weekly divergences. Good times.”

As of the latest update, the ETH/BTC pair is trading at 0.0242 BTC, equivalent to $2,515.

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