{"id":233427,"date":"2025-05-09T21:15:00","date_gmt":"2025-05-09T21:15:00","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/trader-says-market-primed-for-strong-reversal-after-bullish-move-heres-his-target-for-ethereum-and-altcoins\/"},"modified":"2025-05-09T21:15:00","modified_gmt":"2025-05-09T21:15:00","slug":"trader-says-market-primed-for-strong-reversal-after-bullish-move-heres-his-target-for-ethereum-and-altcoins","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=233427","title":{"rendered":"Trader Says Market Primed for Strong Reversal After Bullish Move \u2013 Here\u2019s His Target for Ethereum and Altcoins"},"content":{"rendered":"


\n<\/p>\n

\n

A widely followed crypto analyst says that the market is gearing up for a reversal after making a strong move to the upside.<\/p>\n

In a new thread, pseudonymous crypto trader Crypto Capo tells<\/a> his 132,000 followers on the instant messaging app Telegram that taking profits may be the optimal play as altcoins look primed to crash after a sharp increase.<\/p>\n

\u201cAnalysis has been playing out as expected. Very strong bullish move. Bitcoin reached $98,000 and went even higher (deviation above probably). Ethereum has reached $2,300. Solana is also at the $170-200 main resistance.<\/em><\/p>\n

Altcoins have pumped 30%-100% What now? I\u2019m taking more profits here. 50% [took profits] already. Reversal should be strong.\u201d<\/em><\/p>\n

According to Capo, Ethereum (ETH<\/a>) \u2013 the second-largest digital asset by market cap \u2013 has reached<\/a> its resistance zone and will soon form a local top before making a \u201cstrong bearish move.\u201d<\/p>\n

\u201cThe $1,500 support held and price has now reached the resistance zone of $2,000-2,300. Expecting a local top formation here and then a strong bearish move.\u201d <\/em><\/p>\n

\"\"
Source: CryptoCapo\/Telegram<\/figcaption><\/figure>\n

ETH is trading for $2,290 at time of writing, an 11.5% increase during the last 24 hours. The trader\u2019s chart appears to indicate that Ethereum could dip below $1,200 sometime near June.<\/p>\n

However, moving on to ETH rival Solana (SOL<\/a>), Capo says<\/a> the smart contract platform could continue its upward momentum as it is outpacing the flagship crypto asset.<\/p>\n

\u201cSOL looks ready to reach the main target of $170-200, outperforming BTC. The Solana ecosystem should keep going up.\u201d<\/em><\/p>\n

\"\"
Source: CryptoCapo\/Telegram<\/figcaption><\/figure>\n

Solana is trading for $170.68 at time of writing, a 7% increase during the last day.<\/p>\n

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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

Featured Image: Shutterstock\/NextMarsMedia<\/em><\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst says that the market is gearing up for a reversal after making a strong move to the upside. In a new thread, pseudonymous crypto trader Crypto Capo tells his 132,000 followers on the instant messaging app Telegram that taking profits may be the optimal play as altcoins look primed to […]<\/p>\n","protected":false},"author":1,"featured_media":233428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12030],"tags":[13647,86635,12920,17058,11446,10954,38421,21936,21030,6765,11209,11341,1820,11640,13377,21029,7657,457,3307,11048,11086],"dealstore":[],"offerexpiration":[],"class_list":["post-233427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoins","tag-bear-market","tag-bitcoin","tag-btc","tag-bullish","tag-crypto","tag-crypto-capo","tag-eth","tag-ethereum","tag-heres","tag-market","tag-move","tag-news","tag-primed","tag-reversal","tag-sol","tag-solana","tag-strong","tag-target","tag-trader","tag-trading"],"yoast_head":"\nTrader Says Market Primed for Strong Reversal After Bullish Move \u2013 Here\u2019s His Target for Ethereum and Altcoins - 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=233427\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trader Says Market Primed for Strong Reversal After Bullish Move \u2013 Here\u2019s His Target for Ethereum and Altcoins - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"A widely followed crypto analyst says that the market is gearing up for a reversal after making a strong move to the upside. 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