Dogecoin and Ethereum Surge: Analyst Predicts Market Trends
Renowned cryptocurrency analyst Bluntz has provided valuable insights on the future trajectory of Dogecoin (DOGE) and Ethereum (ETH), sparking enthusiasm within the crypto community.
Dogecoin's Bullish Five-Wave Rise
According to Bluntz's analysis, Dogecoin is poised for a substantial upward trend, aligning with the principles of Elliott Wave theory. He suggests that the recent market movements point to a five-wave rise for DOGE.
"The recent momentum in Dogecoin indicates a return to an upward trajectory," Bluntz stated. "I anticipate DOGE to reach new highs, surpassing the $0.50 threshold."
Ethereum's Strong Signals
Furthermore, Bluntz commented on Ethereum's robust performance. He believes that the recent period of consolidation for this leading altcoin is drawing to a close, signaling the onset of a bullish phase.
Bluntz highlighted the strong breakout in ETH/USD, along with promising signals in the ETH/BTC trading pair. With the current price of $3,618, he expects Ethereum to embark on its next upward movement.
Bluntz's analysis has generated excitement among traders and cryptocurrency enthusiasts alike, fueling anticipation for potential surges in both Dogecoin and Ethereum.