A well-known crypto analyst, known as Bluntz, is predicting that Ethereum (ETH) has hit its lowest point for now. Bluntz, who correctly predicted the Bitcoin bottom in 2018, is now bullish on Ethereum.
Ethereum’s Bullish Signs
Bluntz believes that Ethereum is on the verge of a rebound, potentially reaching $2,850. He points to several indicators:
- Bullish Divergence: Ethereum is showing signs of strength even though the price is dipping, a signal known as bullish divergence.
- Elliott Wave Theory: Bluntz suggests that Ethereum is following a pattern that could lead to a rise to around $3,400.
- Solana Weakness: Bluntz sees Solana (SOL) losing ground against Ethereum, further supporting his bullish outlook.
Analyst’s Outlook
Bluntz’s prediction is based on technical analysis, which uses charts and indicators to identify trends in the market. He believes that Ethereum is poised for a strong comeback.
Important Note:
Remember that this is just one analyst’s opinion. Crypto markets are volatile, and investments carry risk. Always do your own research before making any investment decisions. /p>
