A trader who accurately predicted Bitcoin’s dramatic downturn in 2022 now believes that Ethereum is poised to revisit its all-time highs. Known as Capo, this analyst shares his bullish outlook on Ethereum with his 847,900 followers on X, stating that as long as Ethereum maintains its immediate support at $3,600, he sees a positive trend ahead.

Capo’s chart suggests that Ethereum could potentially surge to $4,100 before experiencing a minor correction and then moving towards its previous peak of around $4,900. Currently, Ethereum is valued at $3,683, showing a slight decrease over the past day.

In terms of the broader cryptocurrency market, Capo views the recent market correction on Friday as a deliberate sell-off event designed to weed out weak investors. He believes that if Bitcoin remains above $69,000 and Ethereum continues to trade above $3,600, the market will likely see a renewed uptrend.

At the time of writing, Bitcoin is priced at $69,429. Capo also expresses confidence in altcoins, predicting that they will experience significant surges this month despite the correction seen last Friday.

“I believe that June could be a promising month for altcoins,” says Capo.

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