A cryptocurrency analyst has indicated that Ethereum (ETH) 
$3,118 and other altcoins are preparing for a significant performance phase. The analyst pointed out that ETH currently presents an ideal entry point for investors.
Safe Entry Point for ETH
The analyst mentioned that while the market might experience a dip before rallying, making a purchase now would not be a poor choice. Long-term charts appear positive, and if predictions hold true, any potential decline could be limited to a maximum of 10-20%.
“Buying at these levels won’t lead you astray. Macro and higher time-frame charts look absolutely great, and if correct, the downside might be limited to 10-20%, while the upside potential could range between 100-500% in the coming months.”
ETH Price Expectations
The analyst forecasts that ETH could reach a price level between $10,000 and $20,000 by the end of the market cycle. Currently, ETH is trading at around $3,064, having seen a daily decline of approximately 8%.
“ETH is set to bounce back strongly in the coming months, ironically leaving some of its strongest supporters behind. In my view, after the breakout, $10,000 will be a minimum level, and reaching $20,000 by the end of the market cycle is definitely not unreasonable.”
Anticipating an Altcoin Season
The analyst suggested that following Bitcoin’s cycle peak, the largest altcoin season is on the horizon. Due to natural human greed, this season is expected to be colossal.
“I absolutely disagree with the notion that there is no alt season. Do you know why there will be a massive alt season? Because people are greedy… The largest alt season we have ever seen will come after Bitcoin 
$101,882 peaks.”
These assessments of Ethereum’s current situation and future potential provide significant insights for investors. Expectations for ETH’s potential rise could significantly influence the dynamics of the cryptocurrency markets.
Given the potential fluctuations in the cryptocurrency markets, it is crucial for investors to remain cautious and conduct their own research. The expectations set forth for ETH and altcoins may vary depending on market conditions.
For investors, considering market trends and analyst predictions while evaluating ETH’s potential rise could prove beneficial. Implementing risk management strategies can provide protection against possible market fluctuations.
