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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%

Ethereum (ETH) and Cardano (ADA) Are Primed to Lead the Next Altcoin Bull Run: Analyst

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.

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Other articles published on May 08, 2025