Analysts Unite: "Big Day Has Arrived for Ethereum, Explosive Rally is Coming!"

The largest altcoin Ethreum (ETH) Bitcoin underperformed against the (BTC) and failed to perform as expected for a long time.

However, analyst Peter Brandt, who has 50 years of experience, stated that the time for Ethereum has come.

At this point, Peter Brandt, who argues that Ethereum may be on the verge of an exit, pointed out that ETH has moved from a descending channel to a symmetrical triangle formation in the chart he shared.

The symmetrical triangle formation pointed out by Brandt typically indicates consolidation before a significant breakout.

"Every dog has its day – woof woof ETH" Brandt, who often criticizes Ethereum for lagging far behind Bitcoin, argues that now may be the time for it to shine.

However, Brandt has often stated that as a trader, he prefers Bitcoin and doesn't care about Ethereum.

Data Indicates an Upsurge in Ethereum!

Apart from Peter Brandt, the Singapore-based analysis company QCP Capital also published a positive report for Ethereum.

At this point, QCP analysts stated that the bullish momentum of Ethereum is strengthening.

Analysts indicating that the macro environment is also favorable for the rise of Ethereum stated that they expect the passage of the stablecoin law named GENIUS, and that this law increases the rise potential in Ethereum.

"Ethereum is quietly regaining its dominance and its narrative is strengthening.

There is an increase in implied volatility. Short-term ATM volatility has entered the %70 range. There is an increase in call options. Continuous futures funding rates have increased. All of these indicators have strengthened upward momentum.

Additionally, the flow in the Ethereum spot ETF is also positive. This indicates that institutional investors' interest is increasing.

Finally, the passage of the US stablecoin proposal called GENIUS is expected. This further increases the potential rise for Ethereum.

*This is not investment advice.

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