The post Expert Predicts Ethereum Price Max Pain Scenario – Time To Sell ETH For Solana, Meme Coins? appeared on BitcoinEthereumNews.com.

Ethereum’s performance has been underwhelming this bull cycle, to put it mildly. The second largest cryptocurrency has underperformed both Bitcoin and Solana.  However, a prominent crypto expert’s “max pain” scenario shows that bulls could potentially be in bigger trouble than previously thought.   One of the top Bybit traders Bluntz – who has over 286k followers on X – claims that the Ethereum price could showcase sideways, consolidatory price action until 2028.  Other experts also suggest that Ethereum meme coins could be a much better investment for this bull cycle than ETH itself. Both large-cap tokens like Pepe and Floki and new meme coins like Pepe Unchained could offer a better return on investment.  Ethereum Price Max Pain Scenario Explained Bluntz has been extremely accurate with his crypto price predictions in recent months, especially using Elliot Wave Theory to call the local bottom and top for Dogwifhat.   He remains bullish on new meme coins, claiming that WIF, Popcat and Dogecoin could see strong upside moves in the coming weeks. However, he has a dire warning for ETH bulls.  He highlights that the Ethereum price is currently forming a symmetrical wedge in the weekly time frame. If the pattern continues to hold, ETH could see a rally to $3,500 in the short term, followed by a sharp decline below the $2,000 mark.     Moreover, it could continue its sideways consolidatory price action until 2028 before breaking out to new all-time highs.  This could mean that the cycle top is already in for Ethereum, which could explain the ongoing trend of strong capital rotation to Bitcoin and Solana.  Ethereum Hits Historic Lows In Solana and Bitcoin Trading Pairs The ETH/BTC trading pair hit its lowest mark since April 2021 today on Thursday. This isn’t remotely surprising, considering the strong uptick…

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Filed under: News - @ October 25, 2024 3:08 am