Ether’s Recent Gains May Signal Potential Altcoin Rally Amid Mixed Trader Sentiment
Main Idea
Ether's recent price surge may indicate a potential altcoin rally, but historical trends suggest caution as Q3 has traditionally been weak for Ether.
Key Points
1. Ether has gained 6.09% in the past 24 hours, trading at $3,854.
2. Altcoins could see returns of 200-500% in the next 2-4 months, according to Michaël van de Poppe.
3. Historically, Q3 has been Ether's weakest quarter, averaging a return of just 6.48% since 2016.
4. Market sentiment suggests a shift towards higher-risk assets, which may benefit altcoins.
5. Traders caution against overconfidence due to Ether's poor historical performance in Q3.
Description
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