Title: Ethereum Gearing Up for Major Upside Move, Low-Cap Altcoin Signals Bullish Trend
A respected crypto strategist believes that Ethereum (ETH) is on the verge of a significant upward movement, with strong indications of strength in both its USD and Bitcoin pairs.
Ethereum Strong Performance in Charts
- Pseudonymous analyst Bluntz, known for his expertise in Elliot Wave Theory, sees Ethereum displaying considerable strength in the charts.
- Bluntz suggests that Ethereum recently completed a three-wave correction, indicating the start of a new bullish phase after reaching $2,800.
- His analysis points to a bullish divergence between ETH/BTC’s price action and its relative strength index (RSI), hinting at a potential trend reversal.
Current Market Situation
- As of now, Ethereum is trading at $3,183, with a slight drop of over 3% in the past 24 hours.
- The trader is also monitoring Helium (HNT), an under-the-radar altcoin built on Solana, which is showing signs of a bullish trend after hitting a low point and a bullish RSI divergence.
Helium (HNT) Signaling Bullish Trend
- Bluntz highlights a positive divergence pattern on HNT’s chart, indicating a potential upward movement after touching a range high and low.
- At the time of writing, HNT is valued at $5.14, recording a surge of over 13% in the last 24 hours.
Hot Take: Seize Opportunities for Growth
Keep a close eye on Ethereum as it gears up for a potential uptrend, and consider exploring low-cap altcoins like Helium (HNT) for investment opportunities.
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