ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started
- ETH and ADA rise as Bitcoin nears $100K, but analyst says true altcoin rally hasn’t begun yet
- Analyst points to risk zones and patterns showing ETH and ADA could lead next macro breakout
- Ethereum forms triangle as Cardano holds low-risk range ahead of full altcoin cycle expansion
The cryptocurrency market is on the rise again, with Bitcoin moving closer to the $100,000 mark. Alongside it, popular altcoins like Ethereum, Solana, Dogecoin, and Cardano have each gained more than 3% in the last 24 hours, moving towards important resistance levels.
However, one analyst is focusing particularly on Ethereum and Cardano. According to CryptoCapitalVenture, while many believe the altcoin bull run has already started, the real move might still be ahead.
Ethereum’s (ETH) Chart Shows Familiar Pre-Breakout Signs
When looking at Ethereum’s price chart, the analyst noticed an interesting pattern forming. Ethereum’s price has been moving within a symmetrical triangle — a pattern that can often signal a breakout.
While it might seem bearish now, he believes a pullback inside this pattern could lead to a sharp upward move, similar to what has happened in past …
The post ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started appeared first on Coin Edition.
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ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started
- ETH and ADA rise as Bitcoin nears $100K, but analyst says true altcoin rally hasn’t begun yet
- Analyst points to risk zones and patterns showing ETH and ADA could lead next macro breakout
- Ethereum forms triangle as Cardano holds low-risk range ahead of full altcoin cycle expansion
The cryptocurrency market is on the rise again, with Bitcoin moving closer to the $100,000 mark. Alongside it, popular altcoins like Ethereum, Solana, Dogecoin, and Cardano have each gained more than 3% in the last 24 hours, moving towards important resistance levels.
However, one analyst is focusing particularly on Ethereum and Cardano. According to CryptoCapitalVenture, while many believe the altcoin bull run has already started, the real move might still be ahead.
Ethereum’s (ETH) Chart Shows Familiar Pre-Breakout Signs
When looking at Ethereum’s price chart, the analyst noticed an interesting pattern forming. Ethereum’s price has been moving within a symmetrical triangle — a pattern that can often signal a breakout.
While it might seem bearish now, he believes a pullback inside this pattern could lead to a sharp upward move, similar to what has happened in past …
The post ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started appeared first on Coin Edition.
Read More