A pseudonymous trader and analyst named Roman made a bold prediction regarding ETH Pricesuggesting that investors should lower their near-term expectations. This comes amid a drop in buzz around Spot Ethereum ETFswith these funds currently experiencing significant outflows.

What to expect from the ETH price

Roman mentioned during interview Hall of Flame says he doesn’t see Ethereum “doing well” over the next few months. The analyst believes ETH will suffer a similar fate to the rest of the cryptocurrency market as Bitcoin sucks up all the liquidity while due to this, altcoins continue to trend sideways.

As such, Roman does not expect the ETH price to see any kind of parabolic growth until investors start moving their capital from Bitcoin to altcoins, and Ethereum will probably lead the herd when that time will come. The analyst also noted that this period will likely come when investors believe that Bitcoin is at or near its market peak.

The analyst pointed to a period in 2020 where Ethereum was “not doing very well” until flagship crypto hits $40,000. He noted that the price of ETH has fallen 80% from its all-time high (ATH), while Bitcoin has broken through its ATH. In fact, Ethereum is currently experiencing a similar fate. Bitcoin reached a recent ATH earlier this year, while ETH has fallen over 33% from its current ATH of $4,890.

Meanwhile, Roman explained how Ethereum will rise from the ashes when Bitcoin is near or already at its peak. He stated that once Bitcoin starts experiencing a significant price correction, after reaching target price around $120,000Bitcoin traders take profits and invest them in Ethereum and other altcoins.

Interestingly, the crypto trader suggested that Ethereum’s success is largely dependent on Bitcoin. He claimed that the flagship cryptocurrency needs to continue breaking recent highs and grow much higher for money to flow into ETH and other altcoins. Meanwhile, Roman believes that a change in liquidity will happen before the end of the year.

How much can be transferred to Spot Ethereum ETF

Expectations for Spot Ethereum ETFs have fallen since They started trading July 23, and analysts such as Sygnum Bank’s head of research, Katalin Tischhauser, suggested that inflows inflows into these funds may be lower than expected.

Tischhauser he said Lockdown where Spot Ethereum ETFs could see just 15% of Bitcoin flows, with around $5 flowing into these funds in their first year of trading, while Spot Bitcoin ETF.

The analyst made this prediction based on Ethereum’s “lower name recognition” and ETH’s market capitalization compared to Bitcoin, which suggests that Spot ETFs Ethereum will likely see lower acceptance and lower liquidity.

These Spot Ethereum ETFs have seen significant net outflows since trading began due to Grayscale’s Ethereum Trust (ETHE). However, these funds broke this streak of net outflows on July 30, data from a report by Farside Investors, which shows that they recorded a net inflow of funds of $33.7 million.

Featured image created with Dall.E, chart from Tradingview.com