Top crypto analyst Alex Becker has predicted crypto market recovery, mentioning the Ethereum surge as the primary catalyst.

In his latest analysis, Becker suggests that Ethereum's impressive 20% rebound in just five days could trigger a broader altcoin rally.

Top crypto analyst Alex Becker has predicted crypto market recovery, mentioning the Ethereum surge as the primary catalyst. In his latest analysis, Becker suggests that Ethereum’s impressive 20% rebound in just five days could trigger a broader altcoin rally.

The world’s second-largest cryptocurrency, Ethereum (ETH), has experienced a remarkable 20% surge, hinting at a broader crypto market recovery. According to crypto analyst Alex Becker, this Ethereum surge could be the catalyst for a broader altcoin rally.

Following a period of stagnation around the $1,400 level, Ethereum saw a downturn to $1,386 before bouncing back to almost $1,700. This recovery follows a seven-month decline from its all-time high of $4,892, reached in November 2021.

Now, with Ethereum showing signs of recovery, could this spark a rally in the altcoin space?

As seen in the chart above, Ethereum can recover to its high. As of now, though ETH is 65% off its all-time high of $4,892.

According to crypto analyst Alex Becker, there is a 90% chance of Ethereum getting to new all-time highs. When sentiment is as low as it currently is, turnarounds are typically around the corner. He draws attention to the significant cryptocurrency gains that can be realized by those who capitalize on the Ethereum surge.

After a seven-month decline from its record peak in November 2021, the second-largest cryptocurrency, Ethereum (ETH), appears to be staging a comeback.

Following a period of stagnation around the $1,400 level, ETH saw a downturn to $1,386 before bouncing back to almost $1,700. This recovery follows a seven-month decline from its all-time high of $4,892.

The 20% ETH surge is creating optimism in the cryptocurrency market.

The crypto analyst says that the present bullish trend will be broken if the price drops below $1,000. However, if his bullish trend holds, then ETH might yield a 4x to 5x return on investment. Such a risk-reward ratio is characteristic of the crypto market.

According to crypto analyst Alex, the crypto market is currently in a state of pessimism, which could be setting the stage for a strong turnaround.

After a seven-month decline to maintain its level, Ethereum had been in decline. However, arising from lows of $1,386, the price is now up 20% in just five days. This surge follows a period of stagnation around the $1,400 mark.

The crypto analyst maintains that the present bullish trend will be broken if the price drops below $1,000. Nonetheless, if his bullish trend holds, then ETH might offer investors a 4x to 5x return on their investment.

In the crypto analyst’s view, the crypto market usually presents a high risk-reward ratio, which is evident in the substantial returns generated by tokens like XRP, Dogecoin, and Cardano during the 2021 bull market.

According to crypto analyst Alex, these coins are expected to provide 5x to 7x returns to those who take calculated risks.

The crypto analyst’s optimism about the recovery of the crypto market is also sustained by the past performance of Ethereum.

According to the crypto analyst, the current market trends closely resemble those observed in 2021. His recommendation to investors is straightforward: follow data, not noise, to chase the future crypto gains.