An analyst known as Capo, who accurately predicted Bitcoin’s dramatic drop in 2022, now believes that Ethereum is poised to reach its all-time highs again. With a following of 847,900 on X, Capo expresses bullish sentiment towards Ethereum, as long as it maintains support at $3,600.

According to Capo’s chart, Ethereum is expected to surge to $4,100 before experiencing a minor correction and aiming for its previous peak of around $4,900. As of now, Ethereum is valued at $3,683, showing a slight decrease in the past day.

In the broader crypto market, Capo interprets the recent market correction on Friday as a strategic sell-off to eliminate weak holders. He suggests that if Bitcoin remains above $69,000 and Ethereum trades above $3,600, the market will likely see a renewed uptrend.

Currently, Bitcoin is priced at $69,429. Capo remains optimistic about altcoins, anticipating significant growth in June despite the recent correction on Friday.

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