A prominent crypto trader has conveyed optimism towards Ethereum (ETH) compared to Bitcoin (BTC).

During a recent strategy session, the pseudonymous crypto analyst known as Altcoin Sherpa informed his 217,800 followers on the social media platform X that the Ethereum/Bitcoin (ETH/BTC) pair remains “remarkably resilient.”

Sherpa believes the ETH/BTC pair is currently well-positioned for long-term opportunities, particularly with the potential approval of Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).

“ETH reaching all-time highs is almost certain by year-end.”

Source: Altcoin Sherpa/X

At the time of writing, Ethereum is trading at 0.05457 BTC ($3,142), needing approximately a 187% surge to match its all-time high of 0.15636 BTC set in November 2021.

Turning to Bitcoin, Sherpa noted, “The price is currently within a broad high-timeframe range of $73,000 to $56,000, but short-term prospects appear bearish.”

Source: Altcoin Sherpa/X

Sherpa concludes his analysis by predicting a bullish phase for altcoins starting approximately three months from now.

“Altcoins continue to experience selling pressure, and I see no immediate end to this trend. I’ve never quite understood the expectation for a summer alt season, perhaps except for ETH ETF speculation, which typically requires a robust BTC market. While still possible, I maintain a cautious outlook. It’s probable we’ll see continued sideways movement over the next few months, followed by a promising Q4.”

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