Crypto expert Titan of Crypto predicts a significant rally for Ethereum (ETH), with a price target of $5,300.
Bullish Pattern and Targets
In February, Titan identified a bullish pattern on ETH’s weekly chart, suggesting targets of $2,410, $2,881, $3,353, and $4,024. These targets have been met, indicating a potential for further gains.
Bull Flag Formation
Currently, ETH is forming a bull flag pattern, with $5,300 as the next target. This suggests the potential for a surge in price in the coming months.
Altcoin Season
ETH’s strong performance could signal the start of Altcoin season, where non-Bitcoin cryptocurrencies experience significant growth.
Potential Correction
While Titan predicts a rally, Ali Martinez highlights the possibility of a correction based on a sell signal from the TD Sequential indicator. This could result in a downward movement of one to four candlesticks.
Market Performance
At the time of writing, ETH has gained over 28% in the past week, trading at around $3,728. However, its market cap and trading volume have declined slightly.
