Despite a bearish outlook, top altcoins have formed a bullish diamond pattern, indicating a potential breakout. This technical setup suggests that the asset is approaching a critical moment, and if it breaks through resistance levels, a surge may occur. If buyers gain control, Ethereum could see accelerated upward momentum in the coming trading days.
Recent ETH price predictions indicate that if key support levels continue to break, this altcoin could fall further below $1,500, potentially dropping to $1,250. Cryptocurrency analyst Ali Martinez noted that Ethereum is breaking out of a parallel channel, a technical pattern typically associated with bearish price movements.
Despite the bearish sentiment, ETH's price has shown resilience, rising from $1,814.5 to $1,915.13 in the past 24 hours. Although trading volume has significantly decreased, the 6% increase reflects new buying pressure.
As we enter a bull-bear turning point, we should be more cautious in our approach and adopt a bear market mindset.
After a big surge, we must short it.
Yesterday, arkM shorted around 0.65, catching a wave of short-term gains.
Today, we will continue to position ourselves.
The team eats meat every day.
Daily profits are made.
Come on.
Welcome to your joining.
Pay attention today: ADA, BNB, SOL, XRP.
