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08/11 09:09

Samson Mow Predicts Ethereum Investors to Shift Ba

Samson Mow Predicts Ethereum Investors to Shift Back to Bitcoin as ETH Soars

His comments come as Ether hit $4,303 on Sunday, marking its highest weekly close since November 2021 after a 21% gain.1000052333

Bitcoin advocate Samson Mow has suggested that Ethereum’s latest rally could be setting up a reversal, with capital eventually flowing back into Bitcoin.

Key Takeaways:

  • Samson Mow claims ETH’s rally is driven by BTC holders rotating into Ethereum, with plans to shift profits back to Bitcoin.
  • He warns ETH faces strong selling pressure near its all-time high.
  • Other analysts see ETH breaking records first, potentially triggering an altseason before funds flow back into BTC.

His comments come as Ether hit $4,303 on Sunday, marking its highest weekly close since November 2021 after a 21% gain.

Mow, CEO of Bitcoin adoption firm Jan3, claimed that many long-term ETH holders, particularly early insiders from the ICO era, already own significant amounts of Bitcoin.

#ETH price breaks through $4,600, buy or sell?#Will Bitcoin fall in August?#Win 200 USDT: Is ETH Kicking Off Altcoin Season? #Do you think TREE is promising? #HTX Crypto Gifts Carnival Is Live!
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