A well-known trader is making a bold prediction about the future of Ethereum (ETH) and Bitcoin (BTC), while also expressing enthusiasm for a meme-inspired cryptocurrency.
Bluntz, a trader with a large following on the social media platform X, is closely monitoring the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair. According to Bluntz, this chart is on the verge of showing a rare bullish divergence, suggesting that Ethereum will outperform Bitcoin in the near future. A bullish divergence is a sign of potential trend reversal, indicating that momentum is increasing even if the price is moving downwards or sideways.
Bluntz has set a target of 0.1 BTC ($6,907), which is nearly 95% higher than the current ETH/BTC levels. He humorously notes that this bullish divergence will be the first of its kind, stating, “Only eight days to go until ETH/BTC prints the first two-week bullish divergence since *checks notes*…. never. 0.1 [BTC] is obviously the target but we either undershoot or overshoot the f..k out of that.”
In addition to his optimism about Ethereum, Bluntz is also bullish on Pepe (PEPE), a meme-inspired cryptocurrency featuring a frog theme. He believes that while ETH/BTC stabilizes and gains momentum, Pepe will emerge as the top-performing meme coin. Bluntz describes Pepe as the “golden child” of meme coins, and expects it to surpass expectations in terms of price movement.
“Look like PEPE was the best-looking meme of the majors after all. With ETH/BTC likely bottomed (in my opinion), I think it will continue to be the golden child meme moving forward and likely goes higher than many are expecting possible but at the end of the day we’re all speculating here.”
As of now, the value of PEPE is $0.000015.
It’s important to note that the opinions expressed by Bluntz are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. The Daily Hodl, where the information originated, does not endorse the buying or selling of cryptocurrencies or digital assets, and is not an investment advisor.
