Ethereum Rally Ahead? Trader Links Price Surge to Trump’s Tariff Moves, Forecasts ETH Memecoin Peak

An analyst with Master Trader status on Bybit, known as Bluntz, predicts Ethereum (ETH) is entering a five-wave rally, targeting $3,500 despite recent market pressure from President Trump’s tariff threats.

Using Elliott Wave theory, Bluntz sees ETH maintaining its bullish momentum on the four-hour chart. Currently trading around $2,478, Ethereum’s outlook remains positive. Bluntz is also optimistic about the ETH-based memecoin SPX6900, expecting it to reach a new all-time high of $2.30 by October, supported by growing interest and parallels with the S&P 500 index.

Fellow strategist Jack echoes this bullish sentiment, linking SPX6900’s rise to potential S&P 500 gains.

Clever Robot News Desk 26^th May 2025