đ Ethereumâs Explosive Rally Hints at 200%-500% Altcoin BoomâVeteran Trader Confirms
Ethereum isn't just climbingâit's dragging the entire altcoin market into the stratosphere. Traders are bracing for a seismic shift as ETH's momentum signals an impending altseason.
The domino effect: Why altcoins are next
When Ethereum sneezes, altcoins catch pneumonia. The 200%-500% pump potential isn't wishful thinkingâit's historical pattern recognition meeting bullish on-chain metrics. Forget 'wait and see'âthis is 'buy or cry' territory.
Wall Street's watching (and fumbling their spreadsheets)
Traditional finance still can't decide if crypto is a scam or their next bonus check. Meanwhile, degens are quietly stacking those 5x gainsâbetween coffee breaks and meme-stock PTSD therapy sessions.
The smart money? It's already moved. The question is whether you'll be early or just another exit-liquidity tourist.
Altcoins may start posting gains by October
MN Trading Capital co-founder MichaĂŤl van de Poppe said in an X post on Thursday that he is âall-inâ on altcoins, adding there could be â200-500% to be made in the next 2-4 months.âÂ
âThe recent MOVE of ETH is the first step forward to a more risk-on appetite,â he said.Â
Ether has gained 6.09% in the past 24 hours, to trade at $3,854 at the time of publication, according to Nansen.
Ether is trading at $3,854 at the time of publication. Source: Nansen
The ETH/BTC ratio, which measures Etherâs relative strength against Bitcoin is up 38.53% over the past 30 days, according to TradingView.
Many market participants perceive Etherâs rising price as a key indicator for upcoming altcoin rallies, signaling a shift in investor appetite toward higher-risk assets beyond Bitcoin.
Will Ether go against the trend of a weak Q3?
Trader Ash Crypto warned not to ignore Etherâs historically weak performance during this time of year, as August to September âare generally bearish months for crypto, so I WOULD be cautiously bullish.â
The third quarter has historically been Etherâs weakest-performing every year since 2016, delivering an average return of just 6.48%, according to CoinGlass.
Etherâs quarterly returns since 2016. Source: CoinGlass
Some market participants remain skeptical about the continuation of the rally. Crypto trader Muneeb said that, in his opinion, âthis leg is done for now.â
A move to $4,000, representing a 3.7% spike from ETHâs current price, would put roughly $817 million in ETH short positions at risk of liquidation.
Others are suggesting that history will not repeat itself this time around. Crypto trader Cas Abbe said in an X post on Thursday that âthis is the perfect time for ETH to rekt the bears,â pointing to declining supply on crypto exchanges and rising institutional interest.
Meanwhile, crypto analyst Wolf said âdonât act surprisedâ if Fundratâs Tom Leeâs recent Ether prediction of $16,000 comes to fruition.
âVolatility, disbelief, then verticality,â Wolf said.Â