Ethereum (ETH), Bitcoin (BTC) And Cardano (ADA) Predictions Are Revealed | CryptoGazette
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The crypto market seems to be making efforts to recover other recent losses. Today, the market looks green, and the most important coins are all trading in the green.
Bitcoin is currently priced above $39k.
It’s been just revealed that an important crypto analyst and trader is warning traders that smart contract platforms Ethereum (ETH) and Cardano (ADA) are due for deep corrective moves.
ETH and ADA price predictions
It’s been just revealed that the pseudonymous analyst Capo recently said on Twitter that he sees Ethereum dropping all the way down to $1,400 after rejecting at resistance around $3,000.
“This.”
At the time of writing, Ethereum is trading at $2,719. The digital asset is down nearly 15% from its seven-day high of $3,189.
The analyst also addressed Cardano, and Capo said that he sees ADA finding support at $0.50 now that bears breached support at $1.00.
“Next level of support is like $0.50.”
Regarding Bitcoin (BTC), Capo says he’s looking at the king crypto’s heatmap.
It’s important to note that this tracks supply and demand by providing a visual representation of the market’s order book.
According to the crypto analyst, Bitcoin is reportedly getting ready for igniting another sell-off event as the heatmap is showing limited demand.
“The little demand that was there is getting weaker and supply getting stronger. Sideway move = correction Expecting more downside soon.”
State of Bitcoin is analyzed by another strategist
The other day, we were revealing that according to the latest reports, an important crypto strategist who accurately called Bitcoin’s collapse in May 2021 is looking at BTC’s price action. He is checking to see whether the largest digital asset is primed for another correction.
Pseudonymous analyst Dave the Wave just said that Bitcoin is currently trading within an ascending channel. It’s also worth noting the fact that this allowed Bitcoin to rally from the lows of $33,000 to its 30-day high of $45,661.
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