Roman's Crypto Insights: Ethereum's Struggle and Bitcoin's Surge

Ether may be one of the most well-known cryptocurrencies, but according to pseudonymous crypto trader Roman, it’s not going to have its moment just yet. Roman predicts that Ether will struggle for the next few months despite the launch of spot Ether ETFs. Bitcoin, it seems, is holding the spotlight.

“In the short term, I don’t see Ethereum doing that well, at least for the next couple months,” Roman stated in an interview with Hall of Flame.

The Waiting Game for Ethereum

Roman, who boasts a following of 56,000 on X (formerly Twitter), suggests that Ether, like the rest of the cryptocurrency market, needs to bide its time. He believes that traders will continue to focus on Bitcoin until they get bored, at which point they’ll start moving their money into other cryptocurrencies.

“ETH is going to have its time. I think the biggest implication for this is when there’s that liquidity shift,” Roman explains.

The Liquidity Shift

A liquidity shift occurs when traders cash out their Bitcoin for riskier assets, typically when they believe Bitcoin has peaked. Roman recalls that in 2020, Ethereum didn't perform well until Bitcoin reached $40,000. Even as Bitcoin was breaking all-time highs, Ethereum was still 80% down from its peak price.

“So let’s say Bitcoin gets to $120K. It’ll probably correct down to $90,000 right. On that correction, when those people take profits, they’re not just taking profits and running to the bank. They’re rotating that money into Ethereum and all these other altcoins,” Roman explains.

Timing the Market

Roman believes that this shift is likely to occur before December. He adds that Bitcoin breaking $72,000 would be a strong indicator that it is heading towards $90,000.

For those still considering jumping into Bitcoin, Roman thinks it might be too late. However, he suggests that altcoins could still offer opportunities.

“I would not be buying right now. I would think it’s too late at least for Bitcoin now. For a lot of alts, however, I disagree,” he says.

Roman's Rise to Fame

Roman’s journey to fame on X began in April 2021 when he started using the platform like a personal diary. His candid posts and accurate market predictions caught the attention of the crypto community.

“My analysis over the 2020 and really 2021 bull market was pretty accurate. I posted a couple times that were suggesting the top was in November 2021 and it ended up being true,” Roman says.

Content Creation and Market Analysis

Roman is an active content creator, posting four to five times a day and live streaming market chart analysis on his YouTube channel three times a week.

“I also live stream Monday, Wednesday, and Friday, for the public for free,” he explains.

Roman follows other crypto traders and analysts like Peter Brandt and Castillo Trading. He appreciates their insights and the depth of their analysis.

Roman’s Predictions

Roman is known for his bold predictions and isn't afraid to take risks. He believes that Bitcoin is poised for significant gains if it breaks the $72,000 barrier.

“There’s nothing holding us back at this point if we break $72,000,” Roman states. “I would put a conservative estimate around like $100K to $120K by the end of the year,” he says.

As for altcoins, Roman is bullish on AI-related tokens like TAO and Fetch.AI once the liquidity shift occurs.

While Bitcoin continues to dominate the market, Ethereum and other altcoins may need to wait for their time to shine. Roman’s insights offer a glimpse into the dynamics of the crypto market, emphasizing the importance of timing and market shifts. For now, traders and investors should keep an eye on Bitcoin’s performance and be prepared for the opportunities that arise when the market shifts its focus.