Ether’s holding strong, and I think it’s safe to say that altcoins might be on the verge of a massive rally, up to 500% in the next couple of months. Sounds too good to be true? Well, that's what a crypto analyst is saying, anyway.

The buzz started when Michaël van de Poppe, co-founder of MN Trading Capital, made a bold statement on X, declaring that he’s “all-in” on altcoins. He believes there’s a chance to rake in a 200-500% return in the next 2-4 months.

This move by Ether, he says, is just the first step toward a bigger risk-on mentality in the market. Ether has seen a notable increase in the last 24 hours, currently trading at $3,908. And get this, its strength against Bitcoin (ETH/BTC ratio) is up by 38.53% over the past 30 days.

Ether Price
Ether price. Source: TradingView

All eyes are on Ethereum right now, and many see its rise as a signal that the altcoin market is about to light up. As more investors shift their focus to higher-risk assets beyond Bitcoin, altcoins may be getting ready for their moment.

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When FOMO hits, and it's me and my crypto bros like 🚪💥 Source: Giphy

Will Ether Beat the Q3 Slump?

But here’s the catch: Not everyone’s convinced. Some traders are playing it cautiously, pointing to Ether’s weak performance during the third quarter of the year. Historically, August to September have been rough months for crypto, and Ether’s average return during this period has only been 6.48% since 2016, according to CoinGlass.

Ethereum Quarterly returns since 2016
Ethereum Quarterly returns. Source: CoinGlass

A trader known as Ash Crypto warned that, while Ether’s current upward trend is exciting, it’s essential to be “cautiously bullish.”

Still, some crypto traders are feeling optimistic. Muneeb, for example, believes this rally might be over soon. But then again, there's always someone out there ready to challenge conventional wisdom.

Cas Abbe sees this as “the perfect time for ETH to rekt the bears.” He points to decreasing supply on exchanges and increasing institutional interest as signs that Ether could keep pushing higher.

And don't forget about Tom Lee's prediction, yes, the Fundstrat guy who’s calling for Ether to hit $16,000. Analyst Wolf suggests we shouldn’t be too shocked if that actually happens. In fact, he predicts “volatility, disbelief, then verticality.” Well, isn't that an interesting way to describe a potential rally?

All things considered, Ether’s looking pretty strong, but only time will tell whether history will repeat itself or if we’re in for something truly different.

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