“Selling Ethereum and Bitcoin’s purchase” – will Peter Chef be right this time? star-news.press/wp

Main meals

Peter Schiff urged ETH investors to reserve profit with ETH approaching $ 4,000 and rotates to BTC. However, the data on the series suggested that the positive market for ETH was just the beginning.

The famous gold investor, Peter Chef, urged, ETHEREUM (ETH) Long -term holder to lock profits and rotate to him Bitcoin (BTC).

Chef stated that ETH was approaching its multiple range of 4,000 dollars and Addand

“Selling the ether and buying bitcoin with returns is a better trade than to keep the ether.”

Source: x

Will the local SCHFF ETH local summit be valid?

From a technical point of view, a chef statement was immediately as it was $ 4,000 of the main resistance level in this ETH course.

He represented local summits in late and late in 2024, and if this trend applies, his concerns about the other local peak can be verified.

Source: Eth/BTC, TradingView

But unlike 2024 peaks, there are different novels and stimuli 2025 that some analysts believe can pay ETH to more than $ 4,000.

The growth of Stablecoin and the distinguished symbol expected many public companies jump on the ETH wardrobe.

Now, Sharplink technologies for games and indulgence Hold Eth is more than Ethereum and is still planning to buy more.

In fact, even in the series Data It has strengthened the transformation of the positive market above for the first time since the price recovery began in the second quarter, especially from the retail perspective.

Glassnode noticed that the ETH buyer for the first time has risen 16 % since June. Analysis Company has developed the update as “the first signs of reflecting the direction in the buyer’s behavior $ ETH.

Source: Glassnode

But Chef too Reducing it The relief gathering at ETH MID-S2 2025 witnessed as “the BTC” market gathering.

“I will not buy either myself, but I think ETHER is in the bear market in terms of Bitcoin, and I think he had just a gathering in the bear market. So if you want to win encryption, selling the ether to buy Bitcoin is logical.”

Although it is correct that the ETH/BTC ratio, which follows the ETH Prices to BTC, has reached the lowest level in 5 years in Q2, the indicator’s recovery supports the changing ETH market structure.

In fact, Benjamin Quinn encryption analyst rose Chef said that the ETH/BTC ratio was “ended.”

“You have 4 years to say that ETH/BTC would go down, and finally you say that after the bleeding ended.”

Source: x

In addition, ETF ETFS flows in the last $ 2.12 billion, which reaches Outbreak The general institutional requirement was seen in 2024.

At the time of the press, the ETH price was just cooled to 3.7 thousand dollars, but the options traders were Wager The price can include $ 4.3 thousand by July 25.