A broadly adopted dealer says that Ethereum (ETH) is about to vastly outrun Bitcoin (BTC) and is predicting one memecoin will rally arduous.
Pseudonymous dealer Bluntz tells his 259,000 followers on the social media platform X that he’s acquired his eye on the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair.
The dealer says that ETH/BTC is simply days away from printing a uncommon bullish divergence, hinting at an outperformance of Ethereum over Bitcoin. A bullish divergence might point out reversal areas amid rising momentum despite the fact that the worth strikes down or sideways.
Bluntz targets the 0.1 BTC stage ($6,907), which is sort of 95% above present ranges of ETH/BTC.
“Solely eight days to go till ETH/BTC prints the primary two-week bullish divergence since *checks notes*…. by no means.
0.1 [BTC] is clearly the goal however we both undershoot or overshoot the f..ok out of that.”
Exterior of Ethereum, Bluntz can also be bullish on the frog-themed memecoin Pepe (PEPE) – which he says is the best-looking main coin of its sector.
He says Pepe would be the “golden baby” of memecoins whereas ETH/BTC bottoms out and regains traction.
“Appear to be PEPE was the best-looking meme of the majors in spite of everything.
With ETH/BTC possible bottomed (in my view), I feel it can proceed to be the golden baby meme transferring ahead and sure goes larger than many expect potential however on the finish of the day we’re all speculating right here.”
At time of writing, PEPE is price $0.000015.
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Featured Picture: Shutterstock/Swill Klitch
