Ethereum

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 <p>A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a Solana-based memecoin.</p>
 <p>The analyst pseudonymously known as Bluntz tells his 236,100 followers on the X social media platform that the dogwifhat (WIF) memecoin could potentially appreciate by approximately 359% from the current level.</p>
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 <p><i>“If you think this ain’t going to $1 at least, you’re vastly underestimating how retarded we can be.”</i></p>
 <p>WIF is trading at $0.218 at time of writing.</p>
 <p>From the pseudonymous analyst’s chart, it appears that Bluntz is suggesting that the dogwifhat/Solana (WIF/SOL) pair has formed two consecutive lower lows on the four-hour chart this year after earlier bottoming out.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDiVqa9bUAAZXcT?format=jpg&amp;name=small" alt="Image" width="680" height="507">
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   Source: Bluntz/X
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 <p>Turning to Ethereum (ETH), Bluntz says that when paired against Bitcoin (BTC), the second-largest crypto asset by market cap is forming a bullish divergence on the weekly chart where the price is trending lower while the Relative Strength Indicator (RSI), a momentum indicator used for determining overbought or oversold market conditions, is trending upwards.</p>
 <p>According to Bluntz, the ETH/BTC pair has additionally witnessed a “fakeout to the downside” which is a “very bullish signal”.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDgWgPnaMAAnpEz?format=jpg&amp;name=small" alt="Image" width="680" height="280">
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   Source: Bluntz/X
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 <p>ETH is trading at 0.05643000 BTC ($2,597) at time of writing.</p>
 <p>Concerning the Ethereum/US dollar pair, the pseudonymous analyst is suggesting that the second-largest crypto asset could soar to above $2,900. According to Bluntz’s chart, Ethereum may form the second wave of a five-wave pattern on the four-hour chart as it heads upwards. According to Elliott Wave theory, the main trend of the price of an asset price moves in a five-wave pattern.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GDgX1W8a8AAXSSj?format=jpg&amp;name=small" alt="Image" width="680" height="284">
  <figcaption class="wp-caption-text">
   Source: Bluntz/X
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-analyst-predicts-solana-based-altcoin-to-skyrocket-over-350-says-ethereum-flashing-very-bullish-signal-tbt76456.html">https://thebittimes.com/top-analyst-predicts-solana-based-altcoin-to-skyrocket-over-350-says-ethereum-flashing-very-bullish-signal-tbt76456.html</a></p>

Top Analyst Predicts Solana-Based Altcoin To Skyrocket Over 350%, Says Ethereum Flashing ‘Very Bullish Signal’

TheBitTimes

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