![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
Ethereum (ETH) and Cardano (ADA) Are Primed to Lead the Next Altcoin Bull Run: Analyst
May 08, 2025 at 05:00 pm
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%
The cryptocurrency market is on the rise again, with Bitcoin getting closer to the $100,000 mark. Alongside it, popular altcoins like Ethereum, Solana, Dogecoin, and Cardano have each seen gains of more than 3% in the last 24 hours, putting them closer to important resistance levels.
However, one analyst is focusing particularly on Ethereum and Cardano. According to CryptoCapitalVenture, while many believe the altcoin bull market 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 inside 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 cycles.
Ethereum’s current risk level is also low compared to where it usually sits during strong market rallies. According to Ethereum’s history, similar risk readings in the past have often come just before major price surges. At the time of writing, Ethereum is trading at $1895.
Related: Why Cardano’s ADA Is Now on Track to Lead the 2025 Altcoin Bull Run
A similar scrutiny is applied by the analyst to Cardano, assessing its current market indicators for yet-to-materialize bullish phases.
Cardano (ADA): Analyst Claims Main Bull Run “Hasn’t Even Started”
CryptoCapitalVenture claims Cardano’s primary bull run “hasn’t even started yet.” According to a risk model he tracks, Cardano is currently in a range similar to where it was before its last big price jump. In previous cycles, Cardano would hover around these levels before quickly spiking higher.
Related: BREAKING: Cardano Launching AI Testnet – ADA Price Primed for Rally
He believes that if Cardano’s risk level climbs into the 50s and 60s — numbers seen before previous bull markets — it could be a clear sign of an incoming rally. Right now, the price is still in a waiting phase, with some short-term ups and downs expected before any big breakout.
Cardano might need to retest lower support levels around $0.60 to $0.56 before making its next big move. He also said that in the short term, both bulls and bears are fighting it out, making the immediate direction uncertain. At press time, ADA is trading at $0.70.
The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
-
-
- Ripple's XRP Has Gained 3% in the Last 24 Hours, Riding the Wave of Renewed Optimism in the Broader Cryptocurrency Market.
- May 08, 2025 at 11:10 pm
- XRP has successfully broken above a descending trendline, overcoming a key resistance level that had capped its upside since the end of April. This move signals a trend reversal and puts XRP in a favorable position for further gains.
-
-
- Stripe Expands Into the Crypto Arena, Launching Support for USDC Stablecoin Payments
- May 08, 2025 at 11:05 pm
- Global payments giant Stripe has taken a bold leap into the crypto arena, officially launching support for USDC stablecoin payments through its newly introduced Stablecoin Financial Accounts.
-
-