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▲ Ethereum (ETH)
Fund inflows into Ethereum (ETH) spot ETFs have begun to surpass Bitcoin (BTC). Simultaneously, an analysis suggests that a price re-evaluation rally for the entire altcoin market, which had been neglected for some time, is imminent.
Dan Gambardello, host of the cryptocurrency YouTube channel Crypto Capital Venture, claimed in a video uploaded to his YouTube channel on April 24 (local time) that Ethereum would lead the next altcoin bull run. Gambardello pointed to the recent surge in Ethereum spot ETF inflows surpassing Bitcoin spot ETFs as evidence, highlighting a massive shift in institutional capital.
Gambardello predicted that Ethereum could easily reclaim the $10,000 mark as it grows into a core chain for global financial infrastructure. Chart analysis shows that Ethereum has been consolidating energy during a long sideways period of approximately 1,600 days since its last bull market peak. When Ethereum, which experienced a 94% correction in previous bear markets, begins its full-fledged rebound, it is expected to create a powerful trickle-down effect across the entire market.
The structure of the altcoin market, excluding the top 10 by market capitalization, follows an almost identical trajectory to Ethereum's chart. The altcoin market has also undergone a 92% correction in the past and is currently in a similar rebound preparation phase as Ethereum. Gambardello analyzed that once Ethereum's price truly begins to rise, a simultaneous price re-evaluation of suppressed small and medium-sized altcoins will occur.
Institutional investors' accumulation activities in major assets such as Chainlink also support the possibility of an altcoin rally. Institutions have already broken through a four-month downtrend and completed large-scale portfolio construction, which is expected to create explosive synergy in conjunction with the Federal Reserve's liquidity supply. With the altcoin risk model index currently at 16, the probability of price appreciation in one year approaches 90%.
While there is skepticism that the market has been diluted by the proliferation of numerous Meme Coins, actual liquidity is concentrated in top projects with core technological capabilities. Gambardello emphasized that the data captured on the charts tells a completely different story from the theory of altcoin extinction. With a robust technological foundation and the inflow of institutional funds, the altcoin market is now poised to enter a new price formation stage, beyond a mere rebound.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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