Il Capo of Crypto, one of the legendary analysts of the cryptocurrency world, evaluated the general market in his statement and shared his predictions.
According to the analyst's current statements, the world's largest altcoin, Ethereum, has tested the $ 2,100 support twice. According to the analyst, the bullish scenario confirmation for ETH will come after the $ 2,800 level is recaptured. The analyst thinks that this level can be overcome simultaneously with the $ 60,000 barrier being broken in Bitcoin prices.
On the other hand, il Capo claimed that if the ETH price makes such an attack, a new all-time high price record is likely to be broken.
In addition, the analyst, who also spoke about the altcoin market, argued that the ALTS/BTC chart gives a good view for a strong bounce. However, he said that for this scenario, the Bitcoin price would need to exceed $ 60,000 to give bullish approval, which is also likely.
At the time of writing, the BTC price is trading at $57,499.
*This is not investment advice.