Ethereum

Coin

A renowned expert analyst in the cryptocurrency market suggests that a major sell-off event is on the horizon for altcoins. Additionally, the analyst notes that the leading smart contract platform Ethereum (ETH) could be a safe bet. 
During a recent interview on YouTube, DataDash host Nicholas Merten stated that altcoins appear to be ready for a continuous correction movement. He said: 
<blockquote> 
 <a href="https://en.coin-turk.com/cardanos-harsh-freefall-amidst-altcoin-market-crash-whats-next/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin</a>s not only seem prepared for a continuous pullback but also for assessing the situation, trying to find projects of interest. However, kids, I’ll be honest with you, I see that the market continues to recover. 
</blockquote> 
Nicholas Merten, discussing <a href="https://en.coin-turk.com/binance-labs-invests-15-million-in-blockchain-game-developer-xterio/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>‘s native token and currently the fifth-ranked cryptocurrency <a href="https://en.coin-turk.com/binances-bnb-chain-launches-opbnb-a-new-era-of-multichain-future/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB) in terms of volume, mentioned that its price movement could reveal what’s next for the altcoin market as a whole. 
<img decoding="async" class="aligncenter size-full wp-image-239404" src="https://coin-turk.com/wp-content/uploads/2023/07/analisst.webp" alt="" width="1250" height="672"> 
<h2 id="bnb-expectations">BNB Expectations!</h2> 
According to the cryptocurrency analyst, if BNB fails to hold onto the $30 billion market cap level, it could face a significant correction. The expert stated: 
<blockquote> 
 Essentially, since Binance Coin has broken its long-term trend line held since 2017, how far can things go down? Can it stay around $30 billion? Because if it can’t, if it surpasses that level, we’re entering no man’s land. 
</blockquote> 
While Nicholas Merten remains cautious about altcoins, he suggests that Ethereum can “swim against the current.” He stated: 
<blockquote> 
 Among all the cryptocurrencies out there, the standout for me in terms of showing at least more upside potential is Ethereum’s price pattern. For over a year, it has been building a rising triangle. This is a bullish pattern where you have a flat resistance range, lower rising lows, and you compress and coil the price, usually resulting in an upward breakout. However, I want to make it clear that, like all technical patterns, there are no guarantees. We are just working with what we have. 
</blockquote> 
<h5>The post <a href="https://en.coin-turk.com/renowned-analyst-sets-the-date-pay-attention-to-this-scenario-in-binance-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Renowned Analyst Sets the Date: Pay Attention to this Scenario in Binance Coin!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Renowned Analyst Sets the Date: Pay Attention to this Scenario in Binance Coin!

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