Renowned trader Capo, known for accurately predicting Bitcoin’s recent downfall, now believes that Ethereum is poised to revisit its all-time highs. With a following of 847,900 on the social media platform X, Capo expressed his bullish sentiment towards Ethereum, emphasizing the importance of the cryptocurrency holding its immediate support level at $3,600.

In a recent post, Capo shared a chart indicating his prediction that Ethereum could surge to $4,100 before experiencing a minor correction, leading to a potential push towards its previous peak of around $4,900. As of now, Ethereum is valued at $3,683, showing a slight decrease from the previous day.

Analyzing the broader crypto market, Capo suggested that the marketwide correction seen last Friday may have been a deliberate move to shake out weak investors. He believes that if Bitcoin remains above $69,000 and Ethereum stays above $3,600, the market could witness renewed bullish momentum.

Referring to the recent correction, Capo stated that altcoins were hit harder, but he remains optimistic about their potential for significant gains in the coming month. Despite the recent market volatility, he views June as a promising period for altcoins.

At the time of writing, Bitcoin is valued at $69,429. Capo’s insights and market analysis can be followed on various platforms such as X, Facebook, and Telegram. As a reminder, opinions expressed by The Daily Hodl are not investment advice, and investors are urged to conduct their own research before engaging in high-risk investments in cryptocurrencies. Trading and transfers are undertaken at the individual’s own risk, and losses incurred are the responsibility of the investor. The Daily Hodl does not endorse the buying or selling of cryptocurrencies and digital assets, nor does it serve as an investment advisor.