According to Novogratz, Ethereum seems likely to hit the $4,000 resistance level a few times before breaking past it. Meanwhile, if Ethereum takes out the crucial $4,000 mark, the investor believes the altcoin might enter a price discovery phase, which would lead to a major rally.
With these big companies purchasing ETH rapidly in large quantities, its available supply is drying up fast, which is mostly good for the price. Considering this supply shrink, the billionaire believes that ETH has a high likelihood of outpacing BTC in the next 3 to 6 months.
