Will Ethereum rise? Analyst sees clear sign of growth in Ethereum and altcoins could outperform Bitcoin
- Bullish divergence indicates appreciation in altcoins
- Ethereum shows positive reversal on ETH/BTC pair
- Altcoins Could Outperform Bitcoin in the Coming Weeks
Analyst Michaël van de Poppe has once again caught the attention of the crypto community by stating that several altcoins are poised to embark on a significant uptrend in the coming weeks. Based on chart data, he believes that the prices of alternative cryptocurrencies could outperform Bitcoin in the short to medium term. At the time of publication, the price of Ether was quoted at $2.469,82, down 2,5% in the last 24 hours.
According to Van de Poppe, the TOTAL3 chart — which represents the total market capitalization of cryptocurrencies, excluding Bitcoin, Ethereum, and stablecoins — is exhibiting one of the largest bullish divergences ever seen against Bitcoin. For him, this movement points to a possible capital migration towards altcoins.
“The altcoin market cap chart against Bitcoin is still extremely bullish. Largest bullish divergence in history,” he wrote on his X profile, where he has over 786 followers.
This reading is reinforced by technical signals observed in different cryptos. For Van de Poppe, Ethereum is leading this movement. The ETH/BTC pair, which evaluates the strength of Ethereum in relation to Bitcoin, already shows clear signs of a positive reversal, indicating a consistent appreciation trend.
“The bullish divergence in ETH three weeks ago indicated a potential reversal. The higher low was confirmed and then a massive breakout occurred. The trend change is clear,” he said.
The bullish divergence on $ ETH from 3 weeks ago indicated a potential reversal.
The higher low confirmed, and then, a massive breakout took place.
The trendswitch is clear.
Now, this is a daily bullish divergence. On multiple #Altcoins we see weekly divergences.
Good times. pic.twitter.com/mZiN0gbOEz
- Michaël van de Poppe (@CryptoMichNL) May 10, 2025
The expert adds that these divergences are not restricted to Ethereum. Several altcoins have been forming similar patterns, both on daily and weekly charts, which could solidify a favorable period for investors looking for opportunities outside of Bitcoin.
The potential rise of altcoins, combined with the technical strengthening of Ethereum, suggests a season of broad appreciation in the cryptocurrency market, based on historically relevant graphic indicators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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