Categories: Ethereum

The ETH bull cycle is not over yet and according to KOL it will be Capo. reach $ 10,000 in 2022

A well-known analyst believes the price of Ethereum could rise 430% by 2022.

The person known in the industry as Capo said he would bet on Ethereum (ETH) instead of Bitcoin (BTC) when the crypto market enters a new bull period.

He believes ETH will outperform BTC’s market cap and become the top rated crypto asset in valuation.

“When the market starts the 5th wave, Ethereum is likely to outperform Bitcoin and there is a possibility of a battle for the throne.

I’ve been with the ETH / BTC couple for a long time.

3-day frame ETH / BTC chart | Source: Crypto capo

Capo said he expected the market to enter another bullish phase before the end of this cycle. He believes ETH will hit a high of over $ 10,000 next year, a 430% increase from the current price of $ 1,785.

“In my opinion, the high of this cycle will be up [$ 10.000].

There is still no divergence from wave 3 – 5 and the fact that the moving time after such an accumulation period (2018-2020) is too short. It makes me think that ETH will have another bull run. “

ETH / USD monthly chart | Source: Crypto capo

The analyst added that he is waiting for signals from the DOT / BTC pair to initiate a buy position. According to him, the price has reached an important area of ​​support and is likely to jump.

“DOT / BTC. It is approaching support as expected. I’m not in yet because it is better to wait for a bounce + HH (higher high) or even a bullish confirmation. “

DOT / BTC daily chart | Source: Crypto capo

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

29 minutes ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

36 minutes ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

1 hour ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

2 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

3 hours ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

4 hours ago

This website uses cookies.