Analysts who won the Master Trader Rank on Crypto Exchange Bybit believe Ethereum (ETH) is preparing for a new upsideburst.
Pseudonymous analyst Bluntz tells 318,700 followers of social media platform X that Ethereum appears to be in the middle of a five-wave rally on the four-hour chart.
Bluntz practices the Elliott Wave theory. This states that bullish assets tend to witness five waves of surges before they go through corrections.
Analysts predict that Ethereum will meet his $3,500 benefit target, despite President Trump’s latest tariff threats squeezing the market.
“I think ETH is still fine despite Trump’s tariff tantrum that happened legally after 10 minutes of my sleep.
Source: Bluntz/x
At the time of writing, Ethereum is trading for $2,478.
Analysts are also bullish about the Ethereum-based MemeCoin SPX6900 (SPX). Bluntz believes the SPX is currently heading towards the new all-time best-in-a-lifetime, $2.30 by October this year.
“I’m bidding for SPX. Try it for the best ever.”
Source: Bluntz/x
SPX refers to the S&P 500 index. It says, “We aim to beat the S&P 500 by achieving a market capitalization of $69 trillion.
Crypto strategist Jack is also bullish on the SPX, and believes Memocoin will skyrocket if the S&P 500 itself explodes to its highest height ever.
“It doesn’t make any sense anyway, so if you’re going to win the SPX motor to the highest ever, owning the SPX6900 is probably a good bet.
He is strong against incels. ”
Generated image: dalle3
