🔥 ETH Breakout Imminent!
Veteran trader Peter Brandt confirms Ethereum is forming a bullish symmetrical triangle – a classic breakout pattern. Key resistance sits at $2,800. A daily close above this triggers a rally toward $3,400-$3,611 (per Brandt) or even $4,000 (on-chain data). Critical support: $2,575. Lose this, and ETH risks a 21% correction to $1,879.
📈 Why ETH is Stronger Than Ever:
46% monthly surge vs. Bitcoin’s 16.5% – ETH/BTC pair up 30% in 30 days.
Spot ETH ETFs: 12 straight days of inflows – institutions are piling in!
Pectra upgrade (May 7) boosted scalability + staking efficiency.
🌗 Market Cycle Shift: Altseason Blueprint
Top analyst Michaël van de Poppe reveals the crypto cycle sequence:
1. Bitcoin pumps (BTC dominance peaked at 65%).
2. BTC consolidates (now range-bound near $104K).
3. Ethereum breaks out (current phase!).
4. Altcoins explode (DeFi & ETH ecosystem leads).
💥 Altcoin Triggers:
Bitcoin dominance dropped to 62% – capital rotating to alts.
ETH strength = altcoin liquidity. Watch for ETH’s move above $2,800 to ignite alts.
Projects like SPX6900 (SPX), **Internet Computer (ICP), and AB already surging (Binance Alpha coins).
🔍 Top Altcoins to Watch:
SPX6900 (SPX): Up 22% weekly. Break above $1.28 = rally to $1.55.
ICP: Nearing triangle breakout. Target: $7.22 (March high).
New gems: AI meme coin $MIND, creator economy token $SUBBD, and anti-establishment $PUN – all ERC-20 tokens poised to ride ETH’s wave.
⚠️ Key Risk: Altcoins saw $1 BILLION in long liquidations recently as traders over-leveraged. Wait for confirmed ETH breakout + volume surge!
💡 Action Plan:
1. Buy ETH above $2,800 daily close.
2. Rotate profits into high-conviction alts (DeFi, AI, meme coins).
3. Stoploss: ETH below $2,575 = exit.
#BTC #ETH #BinanceAlphaAlert #Binance #CryptoNews
Sources: 🧠👈👽👈👉 CoinGape , FXStreet , Cointelegraph , Crypto.news , CoinCodex , Van de Poppe , AInvest , Tangem , Bitcoinist.
(This post synthesizes 10+ analyst views. Not financial advice. Do your own research!)