Top Analysts Are Turning Long-Term Bullish on Ethereum and Altcoins
Main Idea
Top analysts are becoming long-term bullish on Ethereum and altcoins, with Ethereum potentially reaching $4,100 despite short-term consolidation risks.
Key Points
1. Ethereum is testing a long-term resistance level, with analyst Dan Gambardello predicting a surge toward $4,100, though a short-term dip of 10–16% is possible.
2. Ethereum's short-term risk model has declined from 57 to 45, historically leading to higher prices 64% of the time after three months.
3. The global crypto market cap stands at $3.76 trillion, with Ethereum (ETH) up 3.03% to $3,669 and Solana (SOL) jumping 4.64%.
4. Bitcoin (BTC) is priced at $114,697.54, showing a 0.18% increase, while other major cryptocurrencies like BNB and XRP also saw gains.
5. Market sentiment remains balanced, with analysts noting potential for a major move despite short-term consolidation.
Description
Ethereum eyes $4,100 as it tests long-term resistance in bullish market setup. Altcoin market shows breakout signs, but ETH may dip 10–16% before surging. Fear and Greed Index at 55 shows neutral sentiment as market nears key breakout. The altcoin market is showing strong signs of a potential breakout, and according to new analysis, the entire trend is being driven by Ethereum’s position on its long-term charts. As ETH closes in on a major “make-or-break” resistance level, traders are watching c...
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