- ETH shorts just hit ATH (last time it happened: 2.2x in 4 weeks)
- Liquidity swept on both sides
- Market's confused = perfect setup
Most doubt ETH & alts rn - I’m betting $4k this summer
1/➮ imo ETH is the most obvious bet ever rn:
✧ Just 1.5 month ago, 99% of ppl were already burying it
✧ But I think those who bought the dip will end up making one of the best trades of this cycle
Let me explain why
2/➮ Let’s break down the 4 main reasons why ETH is about to pump even more:
- Pectra Update
- Macro Situation
- On-chain Metrics
- Alts
Now let’s go through each point individually:
4/➮ The Recent Pectra update has literally revived ETH
✧ It changed TXs, Safe updates, Smart Wallets, and Staking
✧ This led to increased interest and demand for ETH - and naturally, to price growth
5/➮ Crypto is now undergoing massive adoption.
✧ And it’s not just BTC anymore - ETH is now also at the forefront
✧ Many companies are buying ETH, and banks are starting to stake ETH
✧ This generates even more trust, interest and demand
6/➮ On-chain Metrics
✧ Currently, ETH is leading or in the top rankings across most on-chain metrics:
- Top 2 by Fees
- Top 1 by Bridged Net Flows
- Top 3 by Stablecoin Supply Change
There are many more metrics where ETH is on top, making it hard to fade $ETH rn
7/➮ Another major factor will be altcoins, with the upcoming altseason.
✧ The first wave of altseason usually creates a huge FOMO wave…
✧ And ppl first rush into ETH, which then fuels altseason even more.
Let me explain further:
8/➮ Historically, ETH rallies have signaled and triggered the start of major altszns
✧ Lately, ETH finally showed strength on the market
✧ But is is still far from a perfect place
Think about it:
"Assets top when they look absolutely perfect"
"Assets bottom when they look absolutely worst"
ETH is somewhere in the middle (closer to the bottom 😁)
9/➮ Altcoin Sentiment
✧ Altcoin Index is currently at rock bottom (18/100) - even lower than after the FTX collapse
"Assets bottom when things couldn’t look any worse"
✧ That’s exactly how most alts look rn
10/➮ But here’s what you need to understand: 99% of altcoins will still go to zero.
There’s massive oversupply on the market right now, and we’re not getting the kind of altseason we had in previous cycles.
11/➮ Why?
In past cycles, every coin listed on a Tier 1 CEX would do a 10x-100x. Sometimes there’d be just 1-2 new coins a month.
Now?
31.
That’s how many coins Binance has listed in the last 6 months - and NONE of them are trading above listing price.
12/➮ I’m not even talking about how many coins are launching on-chain daily on Solana - it’s insane.
The number of tokens has increased by literally 1000x+, and I’m not exaggerating.
That’s why only a handful will actually survive compared to the total.
13/➮ So when picking altszn plays, I’d focus only on OG coins, big ETH eco tokens: pendle, aave, etc.
and be extremely selective with everything else.
Personally, I’m holding long-term (for now):
$W
$IOTA
$PENGU
$CORE
All strong and reliable plays with solid caps.
Low caps - I only take them for flips or short/mid-term holds.
14/➮ So to wrap it all up:
✧ ETH has never been this undervalued, considering BTC is at $100k
✧ That's why I rotated some BTC into ETH & strong alts
✧ My first target is $3k (I bought at a $1.5k avg) I’ll take 30% profits there, then ladder sell orders between $4k and $6k
✧ Remember to only invest what you’re willing to lose, and choose your alts carefully.