Ethereum is predicted to reach a historic high in 30 days

A crypto trader has predicted that the main altcoin Ethereum (ETH) will reach new all-time highs (ATH) in 30 days. Criptopaul announced this to his 135,400 followers on the social platform X.

According to the expert, the top altcoin historically outperforms bitcoin (ETH/BTC) during the month of the halving event, when the reward for BTC miners is halved. The next halving event is expected to take place around April 19.

«The month of halving has arrived, which historically has always been a crossroads for the explosion of altcoins and the reversal of ETH/BTC. Are you ready for it? I also expect a new ATH ETH in 30 days ,» Criptopaul wrote.

At the time of writing, ETH’s value is $ 3306, down more than 1.6% in the last 24 hours. In 2021, Ethereum hit an all-time high of almost $ 4900.

The trader also believes that other altcoins will start a new rise this month. «Some altcoins have breathed a little air again, it was before the second stage, the third stage will come soon to the new ATHs.»

One of the altcoins that has caught the trader’s attention is the top meme token Dogecoin (DOGE). The analyst believes that DOGE is forming the same price pattern around the $ 0.20 level as it did around $ 0.01 before the massive rally.