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🚀 Ethereum price 4,300 dollars - Is Altseason loading? 🌕
Ethereum has just achieved its strongest rise against BTC since 2021, and analysts are divided: 💥 Explosion peak? Or 🔄 A cooling period before takeoff?
🔹 Bullish Predictions: If the price of Bitcoin approaches $150,000, and the Ethereum/Bitcoin ratio reaches 0.044, Ethereum may surpass its all-time high of $4,850, reaching between $6,000 and $7,000 this year. Institutional exchange-traded funds for Ethereum are accumulating strongly - their holdings have jumped from $24 billion in July to $33 billion now. A decline in Bitcoin dominance for the first time in years may indicate that the altcoin season has begun.
🔹 Retracement Strategy: The bottom at $3,350 = July's lowest level and a key support. The drop here could serve as a distinctive entry point before a strong rise in Q4.
Altcoin watchlist in case of Ethereum rise: UNI, LINK, CRV, COMP + trending new coins AERO, PENDLE, ENS, HOME. Stablecoin flows are also bullish - USDC and USDT dominance over Ethereum is huge.
💡 Reward Signal: ETH supply on exchanges is only 12% - the lowest level since 2016. Decreasing supply + increasing demand = 🧨
In summary: above the $3,350 level, the price of Ethereum still looks strong. The fourth quarter could be the starting point. Keep an eye on Bitcoin's dominance and decentralized finance leaders.