Co-founders of Glassnode Yann Allemann and Jan Happel have teamed up with renowned trader Henrik Zeberg to make a daring forecast for Ethereum (ETH). The trio’s research compares ETH to a ticking time bomb, showing signs of instability in the near term but offering traders a great chance in the middle that they shouldn’t pass up.
X, which was originally known as Twitter, was where the experts shared their findings. They are renowned for their keen market observations. The ETH/BTC trading pair indicates that now is a good moment for traders to consider moving their emphasis from Bitcoin (BTC) to altcoins. Although Bitcoin may have a brief moment of glory, Ethereum seems to be about to have a very successful run.
Given this forecast, experienced traders are advised to avoid high-beta trades and instead focus on constructing a strong core portfolio in order to coincide with the forthcoming optimistic market attitude.
High beta
The experts have identified two interesting opportunities for high-beta investors looking to participate in the Ethereum ecosystem: the Optimism (OP) and Arbitrum (ARB) tokens.
These specific crypto assets have performed very well while the market has been doing well. It’s interesting to note that ARB and OP frequently compete with one another for buyers and liquidity, creating a competitive dynamic reminiscent of the end of March when the Arbitrum token airdrop caused OP’s price to drop by 20%.
