Bitcoin bulls held strongly above the $30k psychological level, with BTC price consolidating for major upside move towards $35k. Popular analysts believe it’s now Ethereum’s turn to witness a rally as Bitcoin set to take a breather and allow altcoins to bounce.
Popular crypto trader Michael van de Poppe think Bitcoin will not move much because there are few macroeconomic events and the Fourth of July holiday in the US. However, he still expect BTC price to surpass $31k.
Michael van de Poppe predicts Ethereum to continue trading higher as long as it holds above 0.062. ETH/BTC price set for at least 10% rally towards 0.07.
Crypto analyst Rekt Capital pointed out that ETH price has successfully retested the top of the orange box as support for the first time over the past year. It indicates ETH chart patterns are shifting for bullish move.
Moreover, Bitcoin dominance will pull back in the short term as historical data shows. It will bring a recovery in altcoins.
Ethereum Price to See At Least 10% Upside Move
ETH price soared 3% in the past 24hrs, while BTC price move just 0.60%. It indicates Bitcoin to keep consolidating at current level and altcoins to bounce. Bitcoin and Ethereum also record interest from institutional investors.
ETH price currently trades at $1964, with the 24-hour low and high of $1895 and $1973, respectively. Furthermore, the trading volume has increased by 108%, indicating rise in interest among traders.
Meanwhile, BTC price trades at $30,701, with 24-hour low and high for Bitcoin are $30,264 and $30,789, respectively.
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