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Ethereum has just reached the strongest rise against BTC since 2021, and analysts are divided in their opinions: 💥 Explosion peak? Or 🔄 Period of calm before the surge?
🔹 Bullish predictions: If the price of Bitcoin approaches 150,000 dollars, and the price of Ether/Bitcoin reaches 0.044, Ether may exceed its historical maximum of 4,850 dollars and reach between 6,000 and 7,000 dollars this year. Institutional Ethereum exchange-traded funds are actively accumulating - their assets have increased from 24 billion dollars in July to 33 billion dollars now. The decline in Bitcoin's dominance for the first time in years may indicate that the altcoin season has begun.
🔹 Rebound strategy: bottom at the level of 3,350 dollars = July minimum and main support. A drop here could become a great entry point before a strong rise in the fourth quarter.
Watchlist for altcoins in case of Ether rise: UNI, LINK, CRV, COMP + new popular tokens AERO, PENDLE, ENS, HOME. Stablecoin flows are also rising - the dominance of USDC and USDT over Ether is huge.
💡 Reward signal: ETH supply on exchanges is only 12% - the lowest level since 2016. Decrease in supply + rise in demand = 🧨
In brief: above the level of 3,350 dollars, the price of Ether still looks the best. The fourth quarter could serve as a starting point. Keep an eye on Bitcoin's dominance and the leaders of decentralized finance.