A trader who accurately predicted Bitcoin’s dramatic 2022 downturn now believes that Ethereum is poised to revisit its all-time highs. Using the pseudonym Capo, the analyst shared his bullish outlook on Ethereum with his 847,900 followers on X, stating that as long as Ethereum maintains its immediate support at $3,600, he sees a positive trend ahead.

According to Capo’s analysis, Ethereum is showing signs of a bullish continuation, with a potential rally to $4,100 before a minor correction and a push towards its previous peak at approximately $4,900. As of the time of writing, Ethereum is valued at $3,683, representing a slight decrease over the past day.

In a broader perspective of the crypto market, Capo suggests that the recent market correction on Friday was likely a deliberate sell-off to shake out weak investors. He anticipates that the market will experience a resurgence if Bitcoin remains above $69,000 and Ethereum trades above $3,600.

At the current moment, Bitcoin is priced at $69,429. Capo remains optimistic about altcoins, stating that he expects them to experience significant growth this month despite the correction last Friday.

Looking ahead, he believes that June could be a promising month for altcoins. To stay updated on market trends, subscribers are encouraged to sign up for email alerts from The Daily Hodl and follow their social media platforms.

Please note that the opinions expressed in this article are not financial advice, and investors should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrencies, or digital assets. All trading decisions are made at the individual’s discretion, and any potential losses are the responsibility of the investor. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not a financial advisor. Additionally, The Daily Hodl may receive compensation through affiliate marketing.