Trader Sees Ethereum on the Verge of Breaking Out, Reassesses Bitcoin and DeFi
A prominent crypto analyst, Ali Martinez, has updated his outlook on Ethereum, Bitcoin, and Maker.
He believes Ethereum is poised to break out of an ascending triangle pattern, but warns that a decline could follow if it fails to close above $2,560. For Bitcoin, Martinez sees a potential sell signal from the Tom DeMark Sequential Indicator, suggesting a possible price correction. Finally, he remains bearish on Maker, predicting a significant drop despite its recent rebranding.
Clever Robot News Desk 1st September 2024
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