Mow: ETH Gains Could Rotate to BTC on Price Surge
Bitcoin advocate Samson Mow forecasts that ETH investors may rotate profits back to Bitcoin once ETH hits key psychological levels. He argues many holders earned BTC during initial ICOs and will sell ETH at peaks, creating new bagholders before shifting gains to BTC. This view follows Ether’s recent five-week rally, which pushed ETH to $4,324 and doubled the ETH/BTC ratio from 0.018 to 0.036 since April. Mow doubts Ether will surpass its all-time high, citing sell pressure near peak levels. However, historical market cycles show altcoins can sustain momentum despite periodic Bitcoin rotations. Traders should watch the ETH/BTC ratio, ETH price surges, and altcoin momentum for signals of fund flows between Ethereum and Bitcoin. ETH investors should monitor profit-taking thresholds to anticipate rotations.
Neutral
While Mow’s forecast suggests potential sell pressure from ETH investors at peak levels, prompting profit-taking and rotations into BTC, historical altcoin cycles often sustain upward momentum, limiting long-term bearish impact. In the short term, ETH could face volatility as investors sell near psychological price points, but ongoing demand for Ethereum and overall altcoin momentum may support price stability. Traders should expect temporary pullbacks around key resistance, followed by consolidation rather than a sustained downturn. Over the long term, the ETH/BTC ratio and market cycles will determine if ETH can break new highs despite rotations.