A crypto trader who accurately predicted Bitcoin’s dramatic decline in 2022 now believes that Ethereum is poised to reach its all-time highs again. Known as Capo, this anonymous analyst shared his bullish outlook on Ethereum with his 847,900 followers on the social media platform X, stating that as long as Ethereum maintains support at $3,600, it looks primed for a bullish continuation.

Capo’s chart analysis suggests that Ethereum could rally to $4,100 before experiencing a minor correction, ultimately aiming for its previous peak around $4,900. At the time of writing, Ethereum is valued at $3,683, showing a slight decrease in the past day.

In terms of the broader cryptocurrency market, Capo views the recent market correction on Friday as a strategic move to weed out weak investors. He believes that if Bitcoin remains above $69,000 and Ethereum stays above $3,600, the market will likely see a resurgence in bullish momentum.

Currently, Bitcoin is trading at $69,429. Capo remains optimistic about altcoins, expecting them to see significant growth in June despite the recent correction. He emphasizes the potential for altcoins to perform well this month.

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