- Bitcoin shows slow progress in its steady sideways movement.
- Pioneer altcoin ETH successfully beats three retests on its price chart.
- Analyst sets $5,700 as the next ETH ATH intermediate bull target.
As the New Year carries on, Bitcoin (BTC) hints at making steady recovery. Presently, BTC price pumped up to $96,000 as it continues its sideways movement. Analysts predict BTC price to make a steady recovery over the next few weeks and months until it surpasses $108,000 to hit higher targets up to $200,000 and more.
Ethereum Prepares to Onset Altseason Explosion
Similarly, altcoins are also expected to rise exponentially this Q1. Specifically, the pioneer altcoin Ethereum (ETH) is expected to hit new ATHs this quarter much like how Bitcoin set a series of new ATHs last quarter. When ETH price rises, this will hint at the start of the parabolic altseason that historically follows after a Bitcoin Halving year.
In detail, many altcoins have already set new ATHs in the previous quarter. Yet, these same altcoins along with multiple others with high potential show strong signs that a parabolic pump including several new ATHs are coming up ahead. This altseason pump is expected to be led by Ethereum.
Next ETH ATH Target Set for $5,700
As we can see from the post above, this analyst expects Ethereum to hit its next intermediate ATH target at $5,700. The analyst highlights three main retests that ETH has already completed successfully and expects major new significant ATHs to be coming for ETH price in the months ahead.
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