Ethereum Emerges Into the Spotlight: Top Trader Forecasts a Breakout After 530 Days of Range-Bound Trading
Renowned analyst Bluntz, celebrated for accurately predicting the 2018 Bitcoin bear market bottom, now asserts that Ethereum (ETH) is poised to take center stage.
With Ethereum recently closing above its multi-month accumulation range. Bluntz draws parallels to Chainlink’s (LINK) significant rally after a similar breakout. Observing Ethereum’s strength against competitors like Chainlink and Solana (SOL). Bluntz suggests a potential shift in market dynamics, stating, “It’s ETH’s turn to finally have its moment in the sun.
This sentiment is echoed by analyst Inmortal, who highlights Ethereum’s highest weekly close in over a year. Marking a new macro higher high. As of the latest update, ETH is trading at $2,236, well beyond Bluntz’s earlier accumulation range, signaling a potential bullish trend for Ethereum.
Clever Robot News Desk 6th December 2023