#特朗普加密新政 According to trader, the surge of Ethereum signals an imminent increase in altcoins of "200 to 500%"
The recent rise of Ether is the first step towards potentially significant gains for altcoins, as traders show a "risk appetite," according to cryptocurrency trader Michaël van de Poppe.
According to trader, the surge of Ethereum signals an imminent increase in altcoins of "200 to 500%"
Market news
Ether has continued to maintain its strength, indicating that altcoins could be gearing up for an explosive increase of up to 500% as early as October, according to a cryptocurrency analyst.
However, not all traders are convinced that the current bullish trend of Ether
ETH
€3346
will last.
Altcoins could start recording gains in October
The co-founder of MN Trading Capital, Michaël van de Poppe, stated in a post on X on Thursday that he is "fully invested" in altcoins, adding that there could be "a 200 to 500% gain in the next 2-4 months".
"The recent movement of ETH is the first step towards a greater risk appetite," he said.
Ether has gained 6.09% in the last 24 hours, trading at $3,854 at the time of publication, according to Nansen.
Ether was trading at $3,854 at the time of this edition. Source: Nansen
The ETH/BTC ratio, which measures the relative strength of Ether against Bitcoin
BTC
€100.187
, has risen by 38.53% in the last 30 days, according to TradingView.
Many market participants perceive the increase in Ether's price as a key indicator for upcoming altcoin rallies, signaling a shift in investors' appetite towards higher-risk assets beyond Bitcoin.$ETH