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- Analyst advises traders to follow smart money.
- He says huge institutions like BlackRock are betting ETH and expect more accumulation.
- In the next 6-9 months, ETH accumulation will increase monumentally.
The price of Ethereum ETH has managed to hold its $2,000 price value despite having recently dipped to the $1,900 price range. It seems the pioneer altcoin asset has recovered alongside Bitcoin this new week and an analyst advises traders to follow smart money as huge institutions bet on Ethereum before altseason peak arrives.
Analyst Advises Traders to Follow Smart Money
As we can see from the post above, this analyst highlights a few facts from a CoinTelegraph article. Here, he mentioned how high institutions like BlackRock are betting big on ETH. He advises traders to follow smart money and expects the crypto narrative to slowly change from holding BTC to holding ETH in the next 6-9 months.
ETH Accumulation Could Grow Monumentally
In addition, the analyst says that it is always best to buy a cryptocurrency when the majority is hating on the asset. He also highlights how BlackRock calls Ethereum the ‘natural default answer’. With high expectations for a bullish yet delayed altseason peak phase ahead of the present state, many analysts expect heavy pumps to be made for many capable altcoins.
More interestingly, many analysts expect Ethereum (ETH) to lead the charge by setting a new ATH for this bull cycle and trigger the altseason peak phase. Following ETH’s new ATH, several other altcoins should likely go ahead to set new ATHs of their own. While analysts still debate when this peak will arrive, they remain certain that it will.
