Digital asset prices may still see substantial gains before the market corrects, the analyst said.
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Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
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Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750.
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Ether price’s rally to the $5,000 psychological mark may be a “minimum target” based on emerging ETH fractal patterns and Bitcoin’s surge above $100,000.
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Ether looks good on both long and short timeframes, traders say, as ETH price strength “finally” appears against Bitcoin.
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Bitcoin remaining range-bound below $100,000 could be a net positive for Ether’s price and invite more investment into the world’s second-largest cryptocurrency.
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Ether could drop another 50% against Bitcoin by the end of 2024 after entering a technical breakdown setup.
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Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.
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Ether’s price metrics have replicated 3 key bullish actions which resulted in a 120% rally in Q1 2024. Will it happen again?
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