Top Analysts Are Turning Long-Term Bullish on Ethereum and Altcoins
- Ethereum eyes $4,100 as it tests long-term resistance in bullish market setup.
- Altcoin market shows breakout signs, but ETH may dip 10–16% before surging.
- Fear and Greed Index at 55 shows neutral sentiment as market nears key breakout.
The altcoin market is showing strong signs of a potential breakout, and according to new analysis, the entire trend is being driven by Ethereum’s position on its long-term charts.
As ETH closes in on a major “make-or-break” resistance level, traders are watching closely for what could be the start of a new altcoin season.
Ethereum at a Critical Crossroads
According to an analysis by Dan Gambardello, Ethereum is currently testing a long-term resistance trendline that dates all the way back to the previous bull market peak. He notes that ETH is in a classic “busted pattern,” having recovered back above a previous breakdown point to now challenge the final trendline.
If Ethereum can break above this level, it could confirm a major reversal and kick off a surge toward the $4,100 mark.
The post Top Analysts Are Turning Long-Term Bullish on Ethereum and Altcoins appeared first on Coin Edition.
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Top Analysts Are Turning Long-Term Bullish on Ethereum and Altcoins
- Ethereum eyes $4,100 as it tests long-term resistance in bullish market setup.
- Altcoin market shows breakout signs, but ETH may dip 10–16% before surging.
- Fear and Greed Index at 55 shows neutral sentiment as market nears key breakout.
The altcoin market is showing strong signs of a potential breakout, and according to new analysis, the entire trend is being driven by Ethereum’s position on its long-term charts.
As ETH closes in on a major “make-or-break” resistance level, traders are watching closely for what could be the start of a new altcoin season.
Ethereum at a Critical Crossroads
According to an analysis by Dan Gambardello, Ethereum is currently testing a long-term resistance trendline that dates all the way back to the previous bull market peak. He notes that ETH is in a classic “busted pattern,” having recovered back above a previous breakdown point to now challenge the final trendline.
If Ethereum can break above this level, it could confirm a major reversal and kick off a surge toward the $4,100 mark.
The post Top Analysts Are Turning Long-Term Bullish on Ethereum and Altcoins appeared first on Coin Edition.
Read More