Posted 4/7/2024, 9:15:47 AM
Analyst: Ethereum Faces Further Underperformance Versus Altcoins and Bitcoin Unless Mass Capitulation Event Occurs
- Analyst DonAlt believes altcoins will continue to outperform Ethereum unless ETH sees a massive capitulation event
- DonAlt has been bearish on ETH/BTC since last September when the pair was trading at 0.06 BTC
- Since then, ETH/BTC has lost nearly 20% of its value and is now at 0.0487 BTC
- DonAlt thinks Bitcoin's current consolidation is setting the stage for new all-time highs above $80,000
- At the time of writing, Bitcoin was trading around $69,500
