ETH and ADA Rise, But Analyst Says the Real Altcoin Bull Run Is Only Getting Started

The cryptocurrency market is on the rise again, with Bitcoin moving closer to the $100,000 mark. Alongside it, popular altcoins like Ethereum, Solana, Dogecoin, and Cardano have each gained more than 3% in the last 24 hours, moving towards important resistance levels.

However, one analyst is focusing particularly on Ethereum and Cardano. According to while many believe the altcoin bull run has already started, the real move might still be ahead.

When looking at Ethereum’s price chart, the analyst noticed an interesting pattern forming. Ethereum’s price has been moving within a symmetrical triangle — a pattern that can often signal a breakout.

While it might seem bearish now, he believes a pullback inside this pattern could lead to a sharp upward move, similar to what has happened in past cycles.

Ethereum’s current risk level also remains low compared to where it usually sits during strong market rallies. According to Ethereum’s history, similar risk readings in the past have often come just before major price surges. At the time of writing, Ethereum is trading at $1895.

A similar scrutiny is applied by the analyst to Cardano, assessing its current market indicators for yet-to-materialize bullish phases.

CryptoCapitalVenture asserts Cardano’s primary bull run “hasn’t even started yet.” According to a risk model he tracks, Cardano is currently in a range similar to where it was before its last big price jump. In previous cycles, Cardano would hover around these levels before quickly spiking higher.

He believes that if Cardano’s risk level climbs into the 50s and 60s — numbers seen before previous bull markets — it could be a clear sign of an incoming rally. Right now, the price is still in a waiting phase, with some short-term ups and downs expected before any big breakout.

Cardano might need to retest lower support levels around $0.60 to $0.56 before making its next big move. He also said that in the short term, both bulls and bears are fighting it out, making the immediate direction uncertain. At press time, ADA is trading at $0.70.