MIND of Pepe ($MIND) – Best Meme Coin to Buy Now for Crypto Trading Advice

Bluntz, a Master Trader on ByBit, is extremely bullish on Ethereum, even amid increasing pressure on crypto from Donald Trump.

Master trader Bluntz, known for his expertise in the Elliott Wave Theory, is bullish on Ethereum (ETH) amid strong pressure on crypto from Donald Trump.

With BTC hitting a new all-time high last week, the crypto market looks ready for the next move up. And ETH will almost certainly be one of the biggest beneficiaries.

As we discuss some of the best meme coins to buy, here’s how Bluntz sees Ethereum’s 4-hour chart playing out:

ETH Might Hit $3.5K By Mid-June, Says Master Trader

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A post shared by Master trader teaches trading (@bluntz) on May 25, 2023 at 10:53 PST

According to the Elliott Wave Theory, ETH’s Wave 1 started in early April, when the token began a slow ascent from the $1.5K area to reach $1.7K.

This move was followed by another wave (Wave 2), which saw the price keep fluctuating closely to the new price of $1.7K.

Then came Wave 3, the strongest of the four, as per the Elliott Wave Theory. ETH broke the $1.8K resistance and posted a whopping 50% move to reach $2.7K. Since then, however, it has been in a strong consolidation.

As you can see in this chart, ETH is currently in Wave 4. To be more precise, it’s in a consolidation triangle pattern. Once Ethereum breaks out of this triangle at around $2.75K, we might be headed for Wave 5, which could see the price soar up to $3.5K.

Besides ETH, Bluntz is also bullish on SPX6900 ($SPX), an Ethereum-based meme coin. Currently trading at $0.9069, $SPX may soon break the $1 mark and head towards $2, as shown in the chart below.

Another trader, Mosesifunanya, who has 5.7K followers on CoinMarketCap, also published an $SPX analysis. The trader said that the positive MACD divergence supports a bullish bias, and investors should watch for confirmation above the $0.8921 resistance level. Just like $ETH, $SPX is also in consolidation and awaits a breakout. The relatively tight Bollinger Band width (31.62%) also suggests decreasing volatility, according to Mosesifunanya.

Overall, several technical indicators seem to be screaming bullishness for both $ETH and $SPX. The bullish bias becomes even stronger when you consider that the crypto market has regained its lost momentum in the last two weeks.

With major coins in crucial consolidation, the market is in all likelihood gearing up for the next boom.

Needless to say, this is the right time to invest. To help you out, we’ve handpicked some of the best altcoins you can buy right now.