Famous Analyst: Bounce Signals Are Coming for These 2 Altcoins!

Although the cryptocurrency market cannot achieve bull momentum, it is also resistant to the pressure of the bears. For now, Ethereum has lost the momentum it gained after the SEC gave the green light to spot Ethereum ETFs. However, analysts are hopeful for the future of the leading altcoin. A prominent crypto analyst says the leading smart contract platform is showing a bullish signal on its daily chart. He also states that investors with deep pockets have accumulated billions of dollars worth of Ethereum. The analyst also expects a bounce for an Ethereum rival altcoin.

“ Whales are swallowing, president gave TDS ‘buy’ signal for altcoin!”

cryptokoin.com As you follow from , there is silence in the market for now, with some exceptions. It is unclear whether this is the calm before the storm or a sign of a break. However, noted crypto analyst Ali Martinez says that amid this silence, Ethereum whales are busy gobbling up the leading altcoin. In this context, the analyst said, “Ethereum whales purchased more than 700,000 ETH in the last three weeks, worth approximately $2.45 billion in total!” makes his statement.

Source: Ali Martinez

The whale accumulation comes as Martinez said Ethereum is showing a bull signal on its daily chart. The analyst is looking at the Tom DeMark (TD) Sequential indicator, which is used to identify potential reversal points for an asset. In conclusion, he says, this indicator shows a bounce for Ethereum. The analyst said, “TD Sequential issued a buy signal on the Ethereum daily chart. He also predicts a recovery for ETH in the mid-one to four-day candlestick!”

Source: Ali Martinez

Meanwhile, Ethereum was trading at $3,566 at the time of writing, down 0.6% in the last 24 hours. President altcoin saw a 3.5% decrease on its weekly chart. However, it has gained over 16% in the last 30 days.

Analyst: TDS showed a bounce signal for Solana too!

Following Ethereum, the analyst looks at its strong rival, Solana (SOL). Martinez says TD Sequential is also showing a bounce signal on its daily chart for SOL. In this regard, the analyst shares the following assessment:

Solana reached a valuable support level at $141 as TD Sequential showed a buy signal on the SOL daily chart! If this reinforcement holds, SOL could rally over the course of one to four day candlesticks.

Source: Ali Martinez

Meanwhile, at the time of writing, Solana was changing hands at $146, losing 1% on a daily basis. In addition, the altcoin has lost more than 10% in the last week. Additionally, it lost approximately 13% value on its monthly chart.