Pseudonymous trader and analyst Roman has made a bold prediction regarding the ETH price, suggesting that investors should lower their short-term expectations. This comes amid a drop in the hype around the Spot Ethereum ETFs, with these funds currently suffering significant outflows. What To Expect From The ETH Price Roman mentioned during an interview with Hall of Flame that he doesn’t see Ethereum “doing that well” for the next few months. The analyst believes that ETH will suffer a similar fate to the rest of the crypto market as Bitcoin sucks up all the liquidity while altcoins continue to trade sideways due to this. Related Reading: Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs As such, Roman doesn’t expect the ETH price to enjoy any parabolic rally until traders begin to rotate their capital from Bitcoin into altcoins, with Ethereum likely to lead the pack when that time comes. The analyst also noted that this period will likely come when traders think Bitcoin is at or close to its market top ..
Support the originator by clicking the read the rest link below.
