$ETH The 7% increase in the value of Ethereum over the past seven days and the 38% rise in the ETH/BTC ratio have fueled hopes for the beginning of an altcoin value increase.

However, some analysts have warned about Ethereum's historical weak performance in the third quarter and the potential for a decline in August and September.

The decrease in Ethereum supply on exchanges and the increase in institutional demand have fueled hopes for breaking the all-time high and reaching a price of $16,000.

Michael van de Poppe, co-founder of MN Trading Capital, announced in a post on X on Thursday that he is "fully investing in altcoins" and expects to achieve "gains of 200-500%" from them over the next two to four months.

He stated: The recent move by Ethereum is the first step towards increasing positive market sentiment and preparing to take on more risks.#BitcoinSPACDeal #ETHBreaks4000