Crypto Market Heats Up: Ethereum, Cardano, and SUI Signal Mixed Short-Term Outlook
- Ethereum faces resistance at $3.8K–$4K despite bullish macro breakout signals
- SUI’s surge past $3.80 may signal broader altcoin rally if $4.50 breaks
- Cardano eyes breakout from $0.61–$0.67 zone, setting up for a potential 50% move
After months of sluggish action, the crypto market appears to be waking up. Ethereum, in particular, has shown strong momentum with a recent weekly close that triggered a macro bullish signal. However, traders are now being advised to tread cautiously.
Despite bullish setups across several altcoins, signs of a short-term pullback are emerging. Ethereum, SUI, and Cardano all show potential for breakout gains, but key resistance levels and macroeconomic factors are flashing early warnings.
Ethereum Faces Major Test at $4000
According to analyst Dan Gambardello, Ethereum’s move from $1,900 in March to its current $3,800 mark is significant. It completed a bullish breakout from a multi-month pattern, signaling strong upside potential. Targets of $10,000 and even $16,000 are being discussed for the next leg of the cycle.
However, Ethereum is currently testing a strong resistance zone between $3,800 and $4,000. This makes…
The post Crypto Market Heats Up: Ethereum, Cardano, and SUI Signal Mixed Short-Term Outlook appeared first on Coin Edition.
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Crypto Market Heats Up: Ethereum, Cardano, and SUI Signal Mixed Short-Term Outlook
- Ethereum faces resistance at $3.8K–$4K despite bullish macro breakout signals
- SUI’s surge past $3.80 may signal broader altcoin rally if $4.50 breaks
- Cardano eyes breakout from $0.61–$0.67 zone, setting up for a potential 50% move
After months of sluggish action, the crypto market appears to be waking up. Ethereum, in particular, has shown strong momentum with a recent weekly close that triggered a macro bullish signal. However, traders are now being advised to tread cautiously.
Despite bullish setups across several altcoins, signs of a short-term pullback are emerging. Ethereum, SUI, and Cardano all show potential for breakout gains, but key resistance levels and macroeconomic factors are flashing early warnings.
Ethereum Faces Major Test at $4000
According to analyst Dan Gambardello, Ethereum’s move from $1,900 in March to its current $3,800 mark is significant. It completed a bullish breakout from a multi-month pattern, signaling strong upside potential. Targets of $10,000 and even $16,000 are being discussed for the next leg of the cycle.
However, Ethereum is currently testing a strong resistance zone between $3,800 and $4,000. This makes…
The post Crypto Market Heats Up: Ethereum, Cardano, and SUI Signal Mixed Short-Term Outlook appeared first on Coin Edition.
Read More