Bitcoin bulls held strongly above the $30k psychological level, with BTC price consolidating for major upside move towards $35k. Popular analysts believe it’s now Ethereum’s turn to witness a rally as Bitcoin set to take a breather and allow altcoins to bounce.
Popular crypto trader Michael van de Poppe think Bitcoin will not move much because there are few macroeconomic events and the Fourth of July holiday in the US. However, he still expect BTC price to surpass $31k.
“I’m keen to see whether Litecoin can sustain the rally and other Altcoins are following suit. Still expecting Bitcoin to crack $31K.”
Michael van de Poppe predicts Ethereum to continue trading higher as long as it holds above 0.062. ETH/BTC price set for at least 10% rally towards 0.07.
Crypto analyst Rekt Capital pointed out that ETH price has successfully retested the top of the orange box as support for the first time over the past year. It indicates ETH chart patterns are shifting for bullish move.
Moreover, Bitcoin dominance will pull back in the short term as historical data shows. It will bring a recovery in altcoins.
So far, so good for $ETH#ETH looks to have successfully retested the top of the orange box as support
Over the past year or so, this is something ETH wasn’t able to do
Signs that the tide is shifting#Crypto #Ethereum https://t.co/Ys1dViR5uy pic.twitter.com/zUK9iCIkw1
— Rekt Capital (@rektcapital) July 3, 2023
Also Read: Shytoshi Kusama Hints At Shibarium Launch, Team Member Predicts BONE Price At $3
Ethereum Price to See At Least 10% Upside Move
ETH price soared 3% in the past 24hrs, while BTC price move just 0.60%. It indicates Bitcoin to keep consolidating at current level and altcoins to bounce. Bitcoin and Ethereum also record interest from institutional investors.
ETH price currently trades at $1964, with the 24-hour low and high of $1895 and $1973, respectively. Furthermore, the trading volume has increased by 108%, indicating rise in interest among traders.
Meanwhile, BTC price trades at $30,701, with 24-hour low and high for Bitcoin are $30,264 and $30,789, respectively.
Also Read: Crypto Funds Record Another Week Of Inflow, Bitcoin Monthly MACD Turns Green
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