Crypto analysts are weighing in on the potential for altcoin growth spurred by Ethereum's recent performance. Predictions range from 200% to 400% increases over the next several months.
Prospects for Altcoin Growth
Crypto analyst Michael van de Poppe notes that a 200% to 400% rally is possible for altcoins within the next 2-4 months, pointing to Ethereum's recent strength as a key factor for this growth.
Weak Ethereum Trends in Q3
Analyst Ash Crypto cautions about Ethereum's historically weak performance in August and September, citing an average return of just 6.48% in Q3 since 2016. However, some market participants believe this trend may not continue this year.
Market Sentiment Shift
While some traders like Muneeb express confidence in continued upward movement, others show skepticism regarding the extension of the ETH rally. Still, rising open interest in Ethereum futures suggests a strong bullish sentiment among traders.
Considering the current data and analyst opinions, Ethereum continues to capture attention in the crypto market, potentially leading to significant price fluctuations for altcoins in the near future.
