- Crypto analyst Il Capo has made a bullish prediction about an altcoin, a departure from his usual bearish stance.
- Il Capo of Crypto has spoken about Ethereum (ETH), stating that the ETH price has made a nice bounce from the support zone.
- According to the analyst, a good situation has formed for the continuation of the bullish trend for ETH in low time frame charts.
Crypto analyst Il Capo makes a bullish prediction about Ethereum (ETH), stating that the price has bounced nicely from the support zone and a good situation has formed for the continuation of the bullish trend.
Ethereum (ETH) Shows Bullish Signs
Il Capo, a crypto analyst known for his bearish views, has made a bullish prediction about Ethereum (ETH). He stated that the ETH price has made a nice bounce from the support zone, indicating a potential bullish trend. He also noted that the conversion of the $3,300 resistance level into support could potentially mean bullish confirmation for higher prices, including a new all-time high.
ETH/BTC Pair Also Looking Positive
Furthermore, the analyst stated that the ETH/BTC pair also looks good, and he believes that along with ETH, other altcoins will outperform Bitcoin in the coming days. This is a significant statement coming from an analyst who is generally known for his bearish views on the crypto market.
Ethereum Price at the Time of Writing
At the time of writing, Ethereum is trading at $3,135. On Tuesday, when Bitcoin fell below $57,000, the ETH price also dropped to around $2,700. However, the world’s largest cryptocurrency is currently hovering around $63,700.
Conclusion
While Il Capo’s bullish prediction is not an investment advice, it provides an interesting perspective on the potential future performance of Ethereum and other altcoins. As always, investors should do their own research and consider various factors before making investment decisions.
