Ethereum (ETH) is showing signs of bottoming out as ETH price spiked from a key support zone. Notably, ETH price is currently holding above the key support level at the 200-week SMA near $1,196.
An analyst had a close track of the market and predicted a significant retracement for Bitcoin (BTC) and altcoins, which will drive the total crypto market cap to sink below the $1 trillion level.