Ethereum could be in trouble if it fails to hold a crucial price level against Bitcoin, according to a popular market commentator.
The trader, known online as Sherpa, warned that ETH is teetering near a critical threshold and could drop sharply if that floor gives way.
Currently trading just above 0.0189 BTC, Ethereum risks falling to price levels not seen since early 2017 if it breaks below 0.01745 BTC. Such a move would represent a nearly 60% slide in value against Bitcoin, Sherpa suggested to his large following on X.
While Ethereum shows signs of vulnerability, Bitcoin may continue climbing in the near term. Sherpa expects BTC to push toward the $100,000 mark before facing a potential pullback to around $80,000—a correction he believes will ripple across the altcoin market as well.
He forecasts a volatile period ahead, with prices surging, retreating, and eventually stabilizing before a stronger breakout in the second half of the year.
According to his broader market view, altcoins will likely ride Bitcoin’s momentum in the short term but won’t escape a correction if BTC retraces. However, he believes this mid-cycle volatility could set the stage for a renewed bullish wave in Q3 or Q4, particularly as macro factors and investor sentiment realign in crypto’s favor.
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Ethereum (ETH) has surged by 4.5% in the past 24 hours and currently sits at $2,650. The top altcoin has emerged as the best-performing cryptocurrency of the top 5 in the past 30 days with gains of 62.1%. Interestingly, although Bitcoin (BTC) has surged to all-time highs, ETH has not followed its pace and it […]
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