Ethereum

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 <p>A popular crypto trader thinks Ethereum (ETH) rival Cardano (ADA) could be on the verge of skyrocketing by more than 190%.</p>
 <p>The on-chain analyst Ali Martinez told his 57,500 followers on the social media platform X last month that ADA’s price movement resembled a pattern observed from 2018 to 2021.</p>
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 <p><em>“Should this fractal continue, anticipate ADA to consolidate in the $0.55 to $0.80 range in the coming weeks, followed by a surge to $1.70. After this upswing, expect a period of further consolidation, setting the stage for a breakout to $5.”</em></p>
 <p>This week, Martinez updated his prediction, noting that ADA is “exactly where it should be” before a potential breakout to $1.70.</p>
 <p>The 11th-ranked crypto asset by market cap is trading at $0.582 at time of writing and is down nearly 4% in the past 24 hours and nearly 25% in the past month.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GKwR9ULXAAABFwJ?format=jpg&amp;name=4096x4096" alt="Image" width="2209" height="1443">
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   Source: ali_charts/X
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 <p>Martinez also notes that Bitcoin’s (BTC) address metrics suggest the top crypto asset’s price could move higher.</p>
 <p><em>“When you compare support (1.4 million addresses holding 893,000 BTC between $68,220 and $70,325) with resistance (474,000 addresses holding 285,000 BTC between $70,760 and $71,200), the odds appear to favor the Bitcoin bulls!”</em></p>
 <figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GKt8CR_XwAAUcgz?format=jpg&amp;name=4096x4096" alt="Image" width="2542" height="848">
  <figcaption class="wp-caption-text">
   Source: ali_charts/X
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 <p>Bitcoin is trading at $69,678 at time of writing. The top-ranked crypto asset by market cap is up nearly 6% in the past week but down around 4% in the past month.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/exactly-where-it-should-be-trader-says-leading-ethereum-rival-on-cusp-of-skyrocketing-by-over-190-tbt85076.html">https://thebittimes.com/exactly-where-it-should-be-trader-says-leading-ethereum-rival-on-cusp-of-skyrocketing-by-over-190-tbt85076.html</a></p>

‘Exactly Where It Should Be’ – Trader Says Leading Ethereum Rival on Cusp of Skyrocketing by Over 190%

TheBitTimes

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