Author: Benjamin Lee
Crypto trader and analyst Ali Martinez says Ethereum (ETH) is dangerously close to a major support level. Martinez tells his 123,000 followers on the social media platform X that Ethereum could plunge approximately 39% from the current level to a price of $1,700 if the support level at around $2,500 fails. ETH is worth $2,712 at time of publishing. Martinez’s chart suggests Ethereum is slightly above the lower trendline of an ascending channel pattern on the 12-hour time frame. While an ascending channel pattern is generally considered a bullish signal, a breakout below the lower trendline suggests a bearish reversal.…
A closely followed crypto analyst says altcoins may undergo an explosive rally once a key Bitcoin (BTC) metric reverses. In a new strategy session, crypto trader Rekt Capital tells his 536,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon enter a downward phase after hitting a historic peak level, setting alts up to outperform the flagship crypto asset. Bitcoin dominance currently stands at 61.86%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC. Rekt also says that alts…
A closely followed crypto analyst says the $425 billion resistance level for the altcoin market cap may soon be broken. In a new strategy session, crypto trader Rekt Capital tells his 535,600 followers on the social media platform X that the OTHERS chart, which depicts the total crypto market cap excluding the top ten coins, may soon have a massive recovery. He says that the OTHERS retracement from the $425 billion level is shallower than prior breakdowns, suggesting there is now a greater potential for the alt market cap to flip it into support. “Altcoin market cap has indeed rejected…
A rival of top altcoin Ethereum (ETH) is seeing a rise in price after abruptly gaining support from Binance, the world’s largest crypto exchange platform by volume. In a new announcement, Binance says it will be adding support for Berachain (BERA), an Ethereum Virtual Machine (EVM)-identical layer-1 blockchain that uses a proof-of-liquidity (PoL) consensus mechanism. “Binance is excited to announce that Berachain will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures.” A PoL consensus mechanism rewards validators for providing liquidity to a blockchain’s ecosystem rather than a traditional proof-of-stake (PoS) system,…
Analyst and trader Michaël van de Poppe is leaning bullish on altcoins amid a crypto market correction that resulted in digital assets worth billions of dollars getting liquidated earlier this week. Van de Poppe tells his 771,900 followers on the social media platform X that 2025 will be a “big expansive year” and the market cap of altcoins could rise to $2.8 trillion. “Altcoin market capitalization at $280 billion. Within the next 12-24 months, this has likely done a 10x.” Source: Michaël van de Poppe/X Turning to Bitcoin (BTC), the widely followed analyst says that the flagship crypto asset has…
A closely followed crypto analyst is warning that the crypto market may not be done correcting based on one key metric. In a new thread on the social media platform X, crypto trader Justin Bennett tells his 115,900 followers that the Tether dominance chart (USDT.D) is flashing bearish for Bitcoin (BTC) and other digital assets. Many traders closely watch the USDT.D chart as it shows how much of the crypto market cap is comprised of stablecoin Tether (USDT). A bullish USDT.D chart is generally considered bearish for Bitcoin and other cryptocurrencies as it indicates traders are unloading their crypto holdings…
Tether CEO Paolo Ardoino just unveiled some of the artificial intelligence (AI) products that the stablecoin company is currently working on. In a statement on social media platform X, Ardoino says that Tether Data, the USDT issuer’s new initiative focused on AI and peer-to-peer (P2P) technologies, is building new applications, which include AI translate, AI voice assistant and AI Bitcoin (BTC) wallet assistant. “Tether Data, preview of some of the AI apps we’re developing: AI translate, AI voice assistant, AI bitcoin wallet assistant.” Ardoino says the apps will be directly accessible on any device. “Tether Data’s apps will focus on…
A crypto strategist who has earned the “Master Trader” rank on the digital asset exchange Bybit thinks that it is almost time for memecoins to shine. Pseudonymous analyst Bluntz tells his 315,000 followers on the social media platform X that meme token Floki (FLOKI) is printing a bullish divergence signal on the daily chart. A bullish divergence is traditionally seen as a bullish reversal signal as it suggests that an asset is gaining momentum even if the price drops lower or moves sideways. Says Bluntz, “There is monster FLOKI bullish divergence printing here after it swept a MAJOR level, could…
The chief investment officer at a digital asset investment firm believes the popular crypto memecoin sector may collapse if one new trend occurs. Arca CIO Jeff Dorman says on the social media platform X that memecoins may fall out of popularity once tokens tied to real-world assets start being issued on a wide scale. “When every company, university, municipality and sports team inevitably issues tokens (sooner than you think), the long and short theses become pretty obvious: Long: SOL, DeFi (RAY, AERO, HYPE, JUP, AAVE), AI agents, anything powering wallet/stablecoin growth. Short: Memecoins.” Dorman notes that billionaire and Shark Tank…
Cryptocurrency analyst and trader Jason Pizzino believes three top altcoins may be forming bullish reversals after the market’s correction. In a new video, Pizzino tells his 348,000 YouTube subscribers that Ethereum (ETH) may soon regain $3,000 as support after bouncing off of a low of around $2,100. “Overall, the smart money bought this thing up pretty damn hard. It’s hit all the targets now down to 150%, so that’s $2,100 to $2,200… We are now looking for closes above $2,900. Another massive thing about this bar is that it had huge volume, and it closed back above all these previous…