- TOTAL2 on the verge of breaking 2021 ATH.
- Analysts expect a God Candle to allow TOTAL2 a spectacular surge.
- ETH whales continue to accumulate Ethereum at a bullish rate.
With rising sentiments for both pioneer crypto and altcoin assets, Bitcoin and Ethereum, on the verge of setting higher ATH prices, expectations for altseason to arrive and make parabolic moves for altcoins grow stronger. Specifically, one analyst notices TOTAL2 on the verge of breaking its 2021 ATH and believes that a God Candle is loading for the altcoin market, signaling new altcoin ATHs across the board.
TOTAL2 on the Verge of Breaking 2021 ATH
The end of the first week of August seems to have reignited the bull market sentiment as the price of pioneer cryptocurrency, Bitcoin (BTC), finally broke out of its CME Gap filling to reclaim the $116,000 price target. Now with BTC back to seeking a higher high and ETH closer than ever to a $4,000 target breakout, both pioneer assets are showing strong bullish signs of hitting their next new ATH prices.
In particular, the price of the pioneer altcoin, Ethereum (ETH), the asset has yet to reclaim its previous ATH price or even pump to set a new ATH price for this bull cycle. This means that for the current moment in the crypto bull cycle, the price of ETH has a greater potential to pump than BTC, the asset that has already set several new ATHs this bull cycle. At the moment, ETH is already outperforming BTC, showing its resilience and potential.
So strong is ETH’s potential to set new highs at greater bullish surges that institutions have been heavily accumulating ETH. In fact, both whales and institutions have been taking advantage of every market dip so far to heavily buy and hold ETH, before it breaks the $4,000 target. At the moment, expectations for ETH to set new ATH prices range between $8,000 – $20,000, if not higher.
As we can see from the post above, a mysterious whale or institution bought $122,955,634 ETH in the past 2 days. The analyst in the post highlights how smart money continues to quietly take advantage of the Ethereum dip and accumulate as much ETH as possible before it hits higher highs or claims its previous ATH price target. Overall, TOTAL2 seems to be even more bullish than ETH.
Bullish God Candle Imminent for Altcoins
As the posts above depict, thesis analysts believe the crypto market is on the verge of something huge breaking out for Altcoins. He goes on to highlight how TOTAL2, in particular, is on the verge of breaking its 2021 ATH. The post is accompanied by charts to highlight the 2016-2017 pump cycle as well. The analyst concludes, saying that previous bull cycles are repeating themselves, only this pump will be much bigger, and a god Candle is loading.
