A widely followed crypto analyst says that Ethereum (ETH) could pull off an unexpected rally back to its highs around $4,800 when hype over the ETH 2.0 merge builds up.
The pseudonymous analyst known as Kaleo tells his 530,000 Twitter followers that ETH has the best chance of any crypto asset to run to all-time highs despite the broader downtrend in the digital asset market.
Kaleo says that as Ethereum’s merge to proof-of-stake approaches, a narrative of the “flippening” will emerge, which is the forecast that ETH’s market cap could surpass that of Bitcoin’s.
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“If anything has a chance of making it back to the highs from here it’s ETH.
Say BTC runs up to $32,000 or so and ETH/BTC manages to retest the previous