{"id":161745,"date":"2025-03-28T13:01:20","date_gmt":"2025-03-28T13:01:20","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/crypto-trader-says-ethereum-rival-offering-opportunity-at-current-levels-but-theres-a-catch\/"},"modified":"2025-03-28T13:01:20","modified_gmt":"2025-03-28T13:01:20","slug":"crypto-trader-says-ethereum-rival-offering-opportunity-at-current-levels-but-theres-a-catch","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=161745","title":{"rendered":"Crypto Trader Says Ethereum Rival Offering Opportunity at Current Levels \u2013 But There\u2019s a Catch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A popular crypto strategist is leaning bullish on one Ethereum (<a href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\/\" rel=\"noopener\" target=\"_blank\">ETH<\/a>) rival, suggesting the altcoin has reached a market bottom.<\/p>\n<p>Pseudonymous trader Altcoin Sherpa <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1905294394883702792\" rel=\"noopener\" target=\"_blank\">tells<\/a> his 242,800 followers on the social media platform X that Sonic (<a href=\"https:\/\/dailyhodl.com\/currencies\/sonic-3\/\" rel=\"noopener\" target=\"_blank\">S<\/a>) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA).<\/p>\n<p>Traders look at the EMA to determine whether an asset\u2019s price is in an uptrend or not. If the price remains above the EMA, then the asset is likely going to remain bullish.<\/p>\n<p>However, he warns that an S uptrend may depend on whether Bitcoin (<a href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\" rel=\"noopener\" target=\"_blank\">BTC<\/a>) stays trading around its current price level. Bitcoin is trading for $87,300 at time of writing.<\/p>\n<p><em>\u201cI still think that S is a pretty good buy around these levels. I think this legs up as long as BTC is stable. Still a lot of activity on this chain and a bunch of things going for it.\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GnD3G41WAAQvlAK?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"675\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Sonic is trading for $0.60 at time of writing, flat on the day.<\/p>\n<p>Next up, the trader <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1905239364914823573\" rel=\"noopener\" target=\"_blank\">says<\/a> that the artificial intelligence (AI)-based meme asset Fartcoin (<a href=\"https:\/\/dailyhodl.com\/currencies\/fartcoin\/\" rel=\"noopener\" target=\"_blank\">FARTCOIN<\/a>) may first decline to the Fibonacci retracement level at $0.47 before breaking out.<\/p>\n<p>However, he says Fartcoin may break out without retesting lower price targets.<\/p>\n<p><em>\u201cFartcoin is either consolidating for the next leg or going to be a great buy at $0.47 or something. I don\u2019t know which it is. I\u2019m still in it on a spot trade and will continue watching.\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GnDFGEiWUAAbF93?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"675\"\/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Fartcoin is trading for $0.55 at time of writing, down 1% in the last 24 hours.<\/p>\n<p><em><span style=\"font-size: 13pt;\">Follow us on <a href=\"https:\/\/x.com\/TheDailyHodl\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> and <a href=\"https:\/\/t.me\/thedailyhodl\" target=\"_blank\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Don&#8217;t Miss a Beat \u2013 <a href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Check <a href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" target=\"_blank\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt;\">Surf <a href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<center><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\"\/><\/center><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA). [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":161746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[2468,10954,11089,21030,13288,27640,14799,1820,5831,16186,7267,1594,1367,11048],"dealstore":[],"offerexpiration":[],"class_list":["post-161745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-catch","tag-crypto","tag-current","tag-ethereum","tag-fart","tag-fartcoin","tag-levels","tag-news","tag-offering","tag-opportunity","tag-rival","tag-s","tag-sonic","tag-trader"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crypto Trader Says Ethereum Rival Offering Opportunity at Current Levels \u2013 But There\u2019s a Catch - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=161745\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Trader Says Ethereum Rival Offering Opportunity at Current Levels \u2013 But There\u2019s a Catch - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. 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