Ethereum (ETH) May Be Poised to Crater Against Bitcoin (BTC), Pseudonymous Analyst Altcoin Sherpa Warns

Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000.

Pseudonymous crypto analyst Altcoin Sherpa has shared his analysis on several crypto assets, including Ethereum (ETH), Solana (SOL), Grass (GRASS), and real-world asset (RWA) MANTRA (OM).

Regarding ETH, Sherpa shared a chart analysis on the ETH/BTC pair, suggesting that the bottom for Ethereum might be lower than anticipated.

“ETH lol. This is the chart I had months ago. The true ETH/BTC bottom is probably at like 0.025-0.03 BTC.”

At the time of writing, ETH/BTC is trading at 0.03412 BTC ($3,363), indicating a 4.57% gain in the last 24 hours.

Moving on, the analyst predicts new all-time highs for ETH rival Solana (SOL).

“SOL: I know many people that own zero SOL. It’s too high market cap for them. But it’s still the gateway to the biggest casino in crypto and will go higher…

SOL you can top blast and feel fine about this in my opinion. It’s going to go higher this cycle. Gambling is going to get way more absurd.”

Meanwhile, SOL is trading at $256 at press time, showing an 8.5% gain in the last 24 hours.

Next up, the analyst expresses skepticism toward Grass (GRASS), a reward token for users sharing unused internet bandwidth with the network, suggesting a potential sharp correction below the $2.06 level.

“GRASS not going to pretend like I traded this but nice bounce off the .50 Fibonacci retracement region. Still think it could be an interesting one to trade, but wouldn’t be surprised to see a deeper pullback later on this one.”

At the time of writing, Grass is trading at $2.41, up 14.3% in the last 24 hours.

Finally, the analyst discusses real-world asset (RWA) MANTRA (OM), anticipating a retracement to Fibonacci levels before another rally. Fibonacci levels are used to identify potential support or resistance points, based on Fibonacci numbers.

“OM is still insanely strong but I think a cooldown is needed for the next move. Would like to see price pause a bit and chill around the $2.50-$2.90 region. I’ve got a bag for RWA exposure.”

At press time, OM is trading at $3.80, down 1.5% in the last 24 hours.