A broadly adopted dealer says that Ethereum (ETH) is about to vastly outrun Bitcoin (BTC) and is predicting one memecoin will rally exhausting.
Pseudonymous dealer Bluntz tells his 259,000 followers on the social media platform X that he’s received his eye on the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair.
The dealer says that ETH/BTC is simply days away from printing a uncommon bullish divergence, hinting at an outperformance of Ethereum over Bitcoin. A bullish divergence might point out reversal areas amid rising momentum although the worth strikes down or sideways.
Bluntz targets the 0.1 BTC stage ($6,907), which is sort of 95% above present ranges of ETH/BTC.
“Solely eight days to go till ETH/BTC prints the primary two-week bullish divergence since *checks notes*…. by no means.
0.1 [BTC] is clearly the goal however we both undershoot or overshoot the f..okay out of that.”
Outdoors of Ethereum, Bluntz can be bullish on the frog-themed memecoin Pepe (PEPE) – which he says is the best-looking main coin of its sector.
He says Pepe would be the “golden youngster” of memecoins whereas ETH/BTC bottoms out and regains traction.
“Seem like PEPE was the best-looking meme of the majors in any case.
With ETH/BTC doubtless bottomed (for my part), I believe it is going to proceed to be the golden youngster meme shifting ahead and sure goes increased than many predict attainable however on the finish of the day we’re all speculating right here.”
At time of writing, PEPE is price $0.000015.
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Featured Picture: Shutterstock/Swill Klitch
