Analyst: Ethereum Demonstrates Remarkable Resilience as Lesser-Known Altcoin Signals Bullish Trend for the First Time Since 2022
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Analyst: Ethereum Demonstrates Remarkable Resilience as Lesser-Known Altcoin Signals Bullish Trend for the First Time Since 2022

A crypto strategist with a large following believes that Ethereum (ETH) is poised for a significant upward movement, as the leading smart contract platform demonstrates “serious strength” in its charts. Bluntz, a pseudonymous analyst and trader, shares on the social media platform X that ETH is displaying strength in both its USD and Bitcoin (ETH/BTC) pairs. According to Bluntz, Ethereum has completed a three-wave correction and is now entering a new phase of its bull run, as indicated by his chart. He also points out a bullish divergence between the price action of ETH/BTC and its relative strength index (RSI), which suggests the potential for a trend reversal. As of now, Ethereum is trading at $3,183, experiencing a decline of over 3% in the past 24 hours. Bluntz also highlights an under-the-radar altcoin, Helium (HNT), which he believes has reached its bottom and displays a bullish divergence with its RSI. HNT, a blockchain project focused on the Internet of Things and based on Solana, is currently trading at $5.14, reflecting a gain of over 13% in the last 24 hours. It’s important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before engaging in high-risk investments.

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