Ethereum

Solana

Bull Flag

Propel

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<ul>
 <li>Ethereum exhibits bullish indicators including a flag pattern and higher lows.</li>
 <li>The RSI suggests a hidden bullish divergence, indicating a potential for a significant price breakout.</li>
 <li>Concerns over SEC rejection of Ethereum ETF applications pose a threat to Ethereum’s value and its ratio against Bitcoin.</li>
</ul>
<p>Ethereum (ETH) enthusiasts are buzzing with excitement as crypto analyst Javon Marks recently pointed out several bullish indicators for the popular cryptocurrency.&nbsp;</p>
<p>Marks, known for his insightful analyses, highlighted a promising pattern on the Ethereum chart resembling a bullish flag. This formation, coupled with the emergence of higher lows in Ethereum’s price action, suggests a robust resilience against downward trends.</p>
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   <p lang="en" dir="ltr">Bullish Metrics in <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> (Ethereum) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f511.png" alt="🔑" class="wp-smiley" style="height: 1em; max-height: 1em;">:<br><br>• Bull Flag-Like Price Structure<br>• Higher Lows in Price Action<br>• Lower Lows in RSI = Hidden Bullish Divergence with Price<br>• Larger Price Breakout Indicating &gt;63% Upside to $4,811<br><br>This Bull Flag breakout may lead into new All Time Highs… <a href="https://t.co/f9yN0yTgN3" rel="noopener noreferrer nofollow">pic.twitter.com/f9yN0yTgN3</a></p>— JAVON <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1790467452989473244?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 14, 2024</a>
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<p>Moreover, Marks drew attention to the Relative Strength Index (RSI), noting lower lows that indicate a hidden bullish divergence with Ethereum’s price movement. These positive metrics have fueled speculation that Ethereum could be gearing up for a monumental breakthrough, potentially reaching new all-time highs. Marks emphasized the significance of this potential breakout, suggesting it could play a pivotal role in the advancement of various altcoins across the market.</p>
<p>Adding to the optimism surrounding Ethereum’s future, crypto analyst Michaël van de Poppe echoed sentiments of a looming major move for the cryptocurrency. Van de Poppe <a href="https://twitter.com/CryptoMichNL/status/1790426858510774618" rel="noopener noreferrer nofollow">attributed </a>this anticipated surge to the anticipation surrounding the Ethereum ETF, predicting that it could catalyze a rotation favoring altcoins.</p>
<p>However, amidst the optimism, concerns loom over Ethereum’s prospects. Reports circulating about the Securities and Exchange Commission (SEC) potentially rejecting Ethereum ETF applications have cast a shadow over the cryptocurrency’s outlook. Analyst James Van Straten <a href="https://twitter.com/jvs_btc/status/1789760531655450932" rel="noopener noreferrer nofollow">cautioned</a> that such a rejection could trigger a significant decline in Ethereum’s value, with implications for the ETHBTC ratio.</p>
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<p>The post <a href="https://cryptonewsland.com/top-analyst-predicts-ethereum-breakout-could-propel-altcoins-to-new-highs/" rel="noopener noreferrer nofollow">Top Analyst Predicts Ethereum Breakout Could Propel Altcoins to New Highs</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Top Analyst Predicts Ethereum Breakout Could Propel Altcoins to New Highs

Crypto News Land

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