Author: The Daily Hodl
A crypto strategist is issuing a warning on Ethereum, saying that ETH is now in the midst of a major correction. Pseudonymous analyst Ali Martinez tells his 56,500 followers on the social media platform X that Ethereum is now bearish after breaking below support at $3,400. The trader shares a chart suggesting that ETH may witness an over 14% decline from current levels after confirming a bear pennant breakdown. “The most brutal scenario for Ethereum right now is breaching the $3,400 support level. Such a move could confirm a bear pennant formation on the daily chart, potentially triggering a major…
A trader who rode last year’s crypto breakout thinks that Ethereum (ETH) will continue to underperform unless something monumental takes place. Pseudonymous analyst DonAlt tells his 535,700 followers on the social media platform X that he expects other altcoins to massively outperform Ethereum as soon as market conditions improve. DonAlt believes Ethereum will continue to be a laggard until ETH witnesses a catastrophic collapse. “Everything down. ETH down but ETH down less. Rejoice ETH holders your time has come (Down in USD, up relative to the rest of the sh*tters). I legit think this is the only way for ETH…
SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) has more upside potential from current levels driven by solid demand and dwindling supply. In a new CNBC interview, the hedge fund veteran says that the approval of the Bitcoin spot market exchange-traded funds (ETFs) cleared regulatory hurdles for BTC and allowed fresh pools of capital to be allocated to the crypto king. Scaramucci also says he sees the leading crypto soaring to higher prices as Wall Street gobbles up thousands of BTC per day at a time when Bitcoin is almost ready to cut the issuance of new supply in half…