An analyst on Crypto Banter’s The Sniper Trading Show has predicted an approaching altcoin rally as Ethereum (ETH) sets its sights on $15,000 in the current bull cycle. The analyst highlighted that altcoins are still in the phase of disbelief, which historically precedes significant rallies. Altcoins typically surge towards the end of a bull cycle, offering potential gains for investors.
Focusing on Ethereum, the analyst pointed out that it is currently at the peak around $3,680 (Fibonacci levels), correlating with the previous top of $4,900. The analyst has set ambitious price targets for Ethereum at $7,000, $11,000, and $15,000, suggesting that if this is a true bull run, Ethereum should reach the 3.618 Fibonacci level.
Despite the optimistic targets, the analyst issued a cautionary note about market cap concerns and valuation warnings. He highlighted that while many cryptocurrencies have billion-dollar market caps, their real value may only be a fraction of that amount due to inflated prices driven by market excitement.
As altcoins remain in the disbelief stage, investors may find significant opportunities as the market transitions to hope and optimism phases. Strategic investments in altcoins before the anticipated rally could be beneficial, with Ethereum’s projected growth supporting the bullish sentiment. The current period may be ideal for preparing for the altcoin rally as Ethereum aims for $15,000 in the current bull cycle.