ETH And These Alts Are About To EXPLODE! (Act FAST)

Miles Deutscher from Crypto Banter discusses whether ETH is about to embark on a Bitcoin-esque ETF-fulled rally to $7k. In this video I discuss why Ethereum is the next big rotation, alongside the altcoins that I’m buying right now in the Ethereum ecosystem!

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__________________________________________________________
0:00 – Intro
1:17 – My Ethereum Prediction
4:17 – Jordi Alexander’s ETH Prediction
5:04 – My 2024 ETH Thesis
11:20 – ETH Technical Analysis
14:12 – Ethereum Ecosystem
17:08 – Implications For The Altcoin Market
18:00 – New IDOs
22:57 – Outro

We just got the Bitcoin spot ETF approval which is a major milestone for the crypto industry but a new narrative is now starting to present itself and of course that is ethereum ahead of its own potential spot ETF approval alongside a raft of other positive catalysts for eth

And the ethereum ecosystem so in today’s show I’m going to discuss the thesis behind where eth could already be on its path to riches in 2024 with a potential price target of $7,000 I’m also going to discuss why the ethereum rally might only just be beginning what the eth rotation could

Lead to the specific altcoins that I’m eyeing within the ethereum ecosystem and also what I’m doing right now I’m going to give you my full watch list from the coins that I mentioned in today’s video so make sure you stick around to the end to get access to my custom ethereum

Watch list and if you do enjoy content like this make sure to click the Subscribe button down below and also hit that post notification Bell so you don’t miss a single video I do my best every single week to provide you with crypto Alpha and hopefully by watching these

Shows you can become a more successful and more profitable investor in 2024 I actually released a video just 8 days ago on this channel which outlined my crypto predictions for 2024 I also did a subsequent tweet and in that video one of my big predictions for the year was

That e would make a strong comeback versus Bitcoin I said that eth for the best part of 2023 bled against Bitcoin but I’m expecting a shift in sentiment as the eth ETF narrative gains traction and then the den Kun or EIP 4844 upgrade rolls out many are fading it but I

Believe it will take people by surprise and two weeks prior to that prediction that I made I also did a long form tweet as you can see in front of you which said that we were currently in the ethereum is dead stage of the cycle and that eventually things would turn and I

Said fade ethereum at your own Peril so I basically listed the reasons why I was bullish on eth and why I thought this ethereum is dead narrative was just that another narrative in the market and that alongside the 2024 prediction was exactly what has started to unfold over

The last week or so with ethereum pumping over 25% which for a major La ethereum is a significant rally since the time of that tweet and since my prediction video so it’s another reminder that Peak F leads to Peak opportunity in the market if you’re bullish on an ecosystem if you know an

Ecosystem has strong future catalysts then don’t let temporary fud Cloud your judgment and in fact use that as a time to position yourself that’s what I did with ethereum I opened a few different positions some alt Coan positions across the alts like arbitrum and Pendle we’re

Going to get into all of those alt coins and what I think they’re going to do next in just a couple minutes here but what I also did was I set up some DCA Bots and some long Bots over on my Exchange accounts one of which as you

Can see in front of you is up over 84% so what I’ve started incorporating into my investing a little bit more over the last few weeks is when I’m bullish on a narrative or thesis I’ve been opening these grid Bots which automatically buy and sell based on predetermined levels

And because I was pretty firm on ethereum having a comeback I did open up this long position on A Martin Gale Futures DCA but if you want to see my strategy when it comes to approaching these Bots let me know in the comments below and maybe in the future I can do a

Dedicated video which shows you how to set up these Bots based on what is happening in the market and if you want to trade any of the altcoins I’m going to mention in today’s video or ethereum or just any coin in the market you can

Do so on bitg get right now I’m running a special promotion for anyone that uses the link in the description you will get access to a $11,000 welcome pack that you can claim on the exchange as soon as you sign up that simply requires you to complete a bunch of basic tasks like

Signing up for the exchange doing your identity verific ification trading for the first time and hitting certain Milestones on the exchange so if you want access to that welcome pack and also the opportunity to Spin the Wheel of Fortune as you can see in front of

You which can give you free coins or free usdt you can use the link in the description below to sign up for a bitette account so Jordi Alexander one of my good friends in the space and also CEO and founder of selini capital which

Is a crypto fund uh he’s a guy that I really respect and he’s into the ethereum ecosystem and altcoins he said that his price target for ethereum in 2024 was between $6,000 and $7,000 as you can see here so Jordi is very bullish on the eth ecosystem and

His thesis is really extrapolated around the idea that at some point this year we’re going to see an ethereum Supply shock based on the demand for ethereum which is now being aided by catalysts such as the ethereum spot ETF alongside bull market conditions which could lead to simply there not being enough

Ethereum on the market resulting in a squeeze to the upside I’ve gone further with this Theory and outlined some of the points that underpin my core thesis for 2024 the first of which is of course the ethereum ETF now that the Bitcoin spot ETF is approved there is this new

Narrative starting to kick into gear where people are now positioning themselves for the ethereum spot ETF and this is one of the main reasons why I was actually opening ethereum long positions when I did that video and I did that tweet because I knew that attention cuz crypto is all about

Mastering the attention game was going to start shifting from Bitcoin into ethereum so Black Rock officially had their Bitcoin spot ETF approved and their track record is exemplary when it comes to ETF approvals with 576 out of 577 historic approvals of course they also filed for an ethereum ETF and many

Of the other big players that also filed for Bitcoin are jumping on board the ethereum train as a result of this new found hype behind this narrative post Bitcoin ETF we have seen open interest I’m looking at this on v data which is an amazing website for viewing analytical centralized exchange data we

Can see has significantly up ticked over the last week and this is starting to show the early signs to me of an ETF rotation Point 2 in my core thesis for 2024 is the denk upgrade which is set to reduce the fees on layer 2os by an order

Of magnitude the early models have suggested a 95 to 99% decrease over time in the gas fees due to this upgrade and obviously this is a huge achievement because it means ethereum layer 2s will become much much cheaper and we know ethereum’s road map is now leaning

Towards this L2 Centric scaling model as they’ve kind of gone away from other potential models of scaling such as sharding so it’s a really integral part of ethereum option and it makes layer twos like arbitrum optimism polygon a lot cheaper to use comparatively to other networks like salana injective and

Say which are all super cheap and have started to gain a lot more traction so it’s important for the overall ethereum ecosystem that upgrade you also have the underperformance of ethereum versus Bitcoin and other l1s I this is something I alluded to in my prediction that I told you about earlier in the

Video just the simple fact that ethereum in 2023 majorly underperformed and historically when ethereum does go through these periods of underperformance it does end up turning the other way so we have had positive signs that e BTC has started to reverse over the past week or so but I do think

Overall if we even look at ethereum at today’s prices and we’ll get into my price analysis in a couple minutes here ethereum relative to a lot of other l1s is still massively underperformed and does still have a lot of room to the upside just on a relative basis to the

Market and when you you think about it from a risk perspective ethereum is lower in market cap so theoretically ethereum should actually in percentage terms be outperforming Bitcoin so the fact that it’s also underperformed in percentage terms uh even though it should technically be outperforming it’s it almost means it’s double

Underperforming right and that’s also an opportunity because it means when you see ethereum repic it can more aggressively repic to the upside versus an asset like Bitcoin which has a much larger market capitalization that’s just a standard example of market caps and the amount of inflows that it takes to

Move price and the last point that I think is a major part of my core thesis and I know it was a major part of jordi’s thesis as well is the fact that ethereum is deflationary and this is certainly in a bull run a very very good

Thing when it comes to the supply Dynamics for ethereum because you have more and more ethereum being burned since the mge we’ve only seen ethereum become more deflationary now sitting at an annualized deflation AR percentage of minus 0.2% meaning the ethereum supply at current burn levels is burning by

0.2% every single year so ethereum was inflationary and now you see as there’s more network activity more ethereum being burnt so in a bullrun environment so if we believe the Bitcoin ETF or the ethereum ETF is going to lead to the widespread adoption of crypto and also

Trading volume in crypto then this is an amazing thing for eth because any transaction that’s being settled on the ethereum network via any decentralized exchange of course Burns eth and in order to facilitate those swaps you need liquidity providers to actually provide eth in LPS which means you guessed it

Higher aprs for stakers thus incentivizing more people to lock up eth not only this but the ethereum staking ratio only sits in the mid-20s I think around 25% compared to things like kadano which have a 50% or higher staking ratio so there’s still a long ways to go when it comes to ethereum

Proof of stake staking ratios as well so you have ethereum being deflationary you have this compounding with the fact that there is more demand for ethereum through a a spot ETF and then you also have the fact that all of this is happening in tandem with the rise of

Ethereum staking and we’ve recently seen narratives like liquid staking and even more recently uh reaking which is something I’m going to talk about soon start to really pop up as amazing viable alternatives to stake eth and these more attractive propositions through maintaining ethereum liquidity for the

Average retail user to be able to stake with less barriers to entry which is what liquid staking offers is only going to be good for the overall percentage of ethereum actually being staked in the long run so I think in the short term people tend to overestimate performance

But over the long term severely underestimate the impacts of some of these structural changes in the market that have been facilitated by the Shanghai upgrade so now let’s get into price let’s have a look at the charts and and have a look at what the ethereum ETF could potentially do for price and

Then after that I’m going to go through some of the ecosystem plays that I am currently evaluating also with some buying opportunities um for you guys to get involved in what I think could be a broader rotation in the ethereum ecosystem which also has many positive effects for other altcoins in the market

As well so you can see that the ethereum ETF has a final deadline of May 23rd this is for the vanex spot eth ETF you also have Arc 21 shares you have grayscale you have investco ey shares which is Black Rock and then you have Fidelity ethereum Fund as well they have

Deadlines slightly later down the track but what we did see with Bitcoin is that once one is approved all of them tend to be approved at once so what happened with Bitcoin from its ETF filing date all the way to the ETF approval date well Bitcoin from the time of filing

Until its official approval and the SEC delayed and delayed and delayed which I expect to be the case on ethereum as well Bitcoin rose8 88% during this period if we look at ethereum at the time of filing uh which was on November 15th was the first filing and that’s

When Black Rock and others began to file to a potential approval date which as we determined is Set uh for mid May you can see that the same price performance from Bitcoin which was the 88% would take ethereum up to $3,600 so if you assume ethereum is

Going to run the Bitcoin Playbook again that would mean we see a 3.6k eth so if this does end up being the case in the more immediate future by may this would obviously be a fantastic result when it comes to the ecosystem because if eth almost doubles in price you’re going to

See a lot of the ecosystem alts triple quadruple 5x 10x it would obviously be a massive Catalyst not only for those alts but for the altcoin market in general cuz you have to remember when it comes to ethereum ethereum is the main settlement token that people use on the

Eth network so when there they’re swapping in and out of alts they use eth so when eth pumps massively in price a lot of people that participate on chain get richer and a lot of those people after making significant profits tend to rotate those profits into other altcoins

So ethereum even if it just goes to 3600 would be absolutely massive for the altcoin market and you you really really will see fireworks so this is your bull case in the immediate future obviously in the slightly longer term future looking at 2024 as a whole if Bitcoin

Contines to perform well and of course it’s going to have its bumps but if it generally follows an upwards trajectory then I think the ethereum price target of $7,000 starts to make more sense and it may seem ludicrous at face value $7,000 e that’s absolutely crazy but it

Does follow pretty closely the Bitcoin and ethereum cycle fractals if Bitcoin hits 60k and ethereum gains a little bit of dominance ground with this entire ETF and also some of the supply dynamics that I discussed before 7K is a foreseeable Target for ethereum I think ethereum hits it one day whether it

Happens as soon as some are suggesting I’m not quite sure but I definitely think this 3600 Target is a realistic one um if we just simply map out the Bitcoin to the ethereum price performance so now let’s discuss some of the biggest beneficiaries in the short

Term leading up to this ETF and also now that there’s been a slight narrative shift from Bitcoin into ethereum and then let’s talk a bit broader after that so in the more short term I’m definitely looking at a lot of these eth proxies as interesting trades I’ve already started

Taking positions in arbitrum that’s been one I’ve been talking about for a while I think about a month back in my portfolio video I said I was accumulating arbitrum that’s been great I’ve been adding to that position alongside optimism the EIP 4844 trade actually benefits the l2s more than eth

Itself so if anything not only are these higher beta but they are probably closer to the beta one of the main narratives which is EIP obviously not the ETF but EIP is a strong narrative another sector I’m really interested in is liquid staking and reaking a lot of raking

Protocols are now launching I think there’s opportunities there but I also think there’s opportunities across some of the existing lsds you’ve got rock AOL fra is one of my favorite tokens I’ve talked about it many time from a long-term perspective Lio is a decent proxy bet as well one of my absolute

Favorites before I give you my entire list that you can actually go and save yourself is Pendle pendle’s really done a good job of capturing the upside of the liquid staking derivatives ecosystem and it’s respons in very very well in price being considered you know an eth

Beta proxy bet but it also has some amazing fundamentals and this is one that I can see trading a lot higher at some point this year I don’t know exactly when I can’t predict the markets exactly when they’re going to pump but this has definitely been one that I’ve

Been accumulating especially in the chop if you don’t have exposure to a token and you want exposure to it my general rule is wait for extreme red days for your major dcas but if you really want to fomo into a token and you’re super bullet then there’s generally nothing wrong

With getting 20 to 30% of your ideal position in and that kind of eradicates the fomo and allows you to more accurately assess your future dcas with less bias because you’re already in a position and it also is good for the mental interest of trading too so those

Are some of the coins I’m focusing on specifically as you can see here I’ve created an entire list of eth narrative coins that I believe could perform really strongly over the coming weeks and months leading into this ETF especially if this trade continues so I’m going to leave a link in the

Description below to trading view so you can go and actually check this out yourself for your convenience I’m going to leave it below and if you do want to trade any of these tokens and you’re looking for a place to trade I believe bigat has all of these tokens listed

Which is absolutely amazing so if you want a One-Stop shop to trade these tokens there’s a link in the description to bitg and of course by signing up you’ll get access to that $1,000 welcome pack that you can claim alongside the lucky wheel that you you can spin to win

Usdt and other prizes so Link in the description below if you want to trade any of these altcoins because they’re all listed in one handy place so let’s talk about the broader implications I touched on it before but certainly ethereum being a settlement token on a

Lot of these major chains the evm chains means that profit taking certainly does impact the altcoin market so we are now starting to see this wealth effect from the Bitcoin pump flow down into eth I I’ve always believed and I’ve always witnessed the eth to altcoin rotations being even stronger because you can’t

Trade Bitcoin natively on chain right so no onchain season is ever really going to derive from a Bitcoin pump people speculate on altcoins being the next proxy but there’s no actual rotation effect from Bitcoin into a lot of altcoins on chain whereas ethereum there is because it’s a major settlement token

It’s in many of the LPS and people trade and denominate their onchain portfolios in eth I do as well I hold a lot of eth on chain and I denominated a lot of my trading portfolio inne so this is very very positive for altcoins and I think

If this rally keeps up there are a few verticals that I would be strongly uh considering keeping your eye on and I’m going to talk about them over the next few weeks but one thing that I’m really paying attention to right now is new idos so if this can give the next kick

That the market needs um to maintain bullish sentiment and certainly that would happen by with an eth rotation cuz many people have just been waiting for eth to play ball and now it finally is this is very positive for idos because new launches in the market benefit from

Market sentiment more so than anything else so one thing that I’ve been doing is staking and there’s a variety of platforms you can do this on but one I like is cify I’ve been staking s fund um on the platform in order to get access to their new igos they focus primarily

On crypto gaming sometimes you see crossover projects launching there too uh but crypto gaming being a narrative that retail really resonates with and understands is is certainly a good one if you you can get into these projects early a few of them that I’m really looking forward to is blood loop I think

That looks really cool storm Warfare as well and I know they’re doing a bunch of other idos as well in the future so if you want to get access to these idos all you need to do is stake the S fund token so you would need to firstly buy the

Token you can do so on bitg and then you can go over to S fund so Bridge it to the B&B chain that’s or you know ethereum and arbitrum where you can also Access cedif Fire and then you simply stake you can choose your lock up amount

The longer you lock it up the more of a bonus you get and obviously the more you stake the bigger waiting in the pools you’re going to get for these idos so that’s something I’m doing in order to get access to idos the super interesting

About cedy 2 is it has the dynamic with its token because the more demand there is for idos the more s fund is locked up and right now you can see that 36 million s fund is actually being staked and farmed versus the circulating supply of 59 mil so we talked about ethereum

Before having a 25% staking ratio s fund is bordering on a 70% staking ratio which is absolutely massive and you can see here on June analytics how much is actually being staked in real time so s fund’s an interesting one and ta is also backing up the bullishness for the token

As well considering the fact you’ve had the breakout of this major resistance level at the $3 level this is now starting to form a bull flag you had two successful retests and it’s now bouncing strongly so technically speaking this is looking really really strong uh this chart and also accessibility wise the

Access it gives you to these ideos is also a massive plus as well I’m going to leave a link in the description to uh cify below if you do want to check it out so one of the major lessons here is with Market sentiment improving do not

Fade these new launchers there are many new launchers I’m watching I might even do a video uh later this week or next week detailing all of the new launches if you do want my video on unreleased coins let me know in the comments below I’m happy to make a video of let’s say

10 upcoming launches that I’m looking forward to um but I’ll run through a couple today while you’re here give you a bit of alpha so on the 19th of January one of the launches I’m watching closely and I’m also invested for full transparency is Satoshi VM now Satoshi

VM is basically a ZK powered layer to for Bitcoin and gas is actually paid in Bitcoin so this is underneath the breadth of the Bitcoin defi narrative which as you know if you watch my predictions video is one of my top narratives for 2024 and in light of that I’m always looking

For new launchers in this ecosystem and I think this certainly fits a very very strong need in the market and I think it’s going to launch super hot out of the gates so if you do want to participate in the Ido there they’re launching on the bounce Launchpad on the

19th of January go and give them a follow on Twitter Satoshi VM so you stay up to date uh with all of the latest announcements so this is one that I’m really interested in and I think can be a strong performer for those who get in

Early I’m also looking at sub squid now sub squid is basically like the graph it’s an indexing protocol they call themselves a web 3 data Lake which efficiently indexes blockchain data and it’s one of the fastest and most coste effective applications in the indexing sector if you do look at the graph for

Example it’s at a $2 billion fully diluted valuation on a relative basis that is the potential that a project like Subs squid has and of course they’re launching closer to the100 million region so that would be a 20x if it did get up to the graph in terms of

The side I’m not a developer but from what I’ve seen and the devs that I’ve spoken to they say that the technology behind this genuinely does present an upgrade compared to a lot of their competitors which is why I think this can be a really really good one so on

January 18th they have their official IDE on coin list if you do want to participate you’ve only got four more days until January 15th to actually register so if you do want to register I’ll leave a link in the description below and then you can get access to

Their Ido so these are just a couple of the ideos that I’m currently looking out for in the near future but there are many many more to come and I’ll make sure to keep you updated once again if you do want that video of unreleased projects I can do a full list which

Encompasses uh the next 6 months but in the immediate future I wanted to tell you guys about these ones right now cuz they are the ones that are coming up um in the most immediate future so look The ethereum Narrative is looking super promising I’m pretty bullish on ethereum

In the short to medium term I also am significantly up on my eth positions so I’m not adding crazy amounts now because there’s no need I’ve already got really strong positions that are up and of course you know I’m raising my stop losses and taking risk management

Measures there but for for the people that aren’t in there are new opportunities especially in that eth ecosystem which I’ve Linked In the description below and if you do want to trade any of those coins of course you can do so on bitg and claim that $1,000

Welcome pack so I hope you enjoyed this video I’ve got some amazing content coming over the next week or so so stay tuned for that and I hope all of you have a lovely rest of your day peace out