Crypto markets remain active with key developments across Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), as shared by leading market analyst Ali Martinez.
Here’s a summary of the most recent insights.
Bitcoin Flashing Sell Signal on 12H Chart
Bitcoin may be heading for a short-term pullback, according to the TD Sequential indicator on the 12-hour chart. The tool has triggered a sell signal following BTC’s impressive run-up past $103,000.
Current price: ~$103,662
Resistance zone: $106,000 (previously cited as key breakout level)
Short-term caution advised for traders looking to enter at current levels
Cardano Whales Buy 40M ADA in 48 Hours
In a clear sign of confidence, whales have accumulated over 40 million ADA in just the past 48 hours. The chart shows a sharp uptick in holdings among wallets containing 100M–1B ADA coins, correlating with ADA’s recent price breakout.
Ethereum Clears Key Resistance, Ignites Bullish Outlook
Ethereum has successfully moved above its $2,380 supply barrier, a zone that previously acted as heavy resistance. As a result, analysts now see a new bull rally forming.
A chart from May 8 shows this resistance zone was backed by over 12.7M addresses holding ETH
Clearing this level increases the likelihood of a momentum-driven run to higher targets
Ali reaffirmed this breakout in a follow-up post:
“#Ethereum $ETH moved past resistance. Send it! 🚀”
Conclusion
While Bitcoin shows potential short-term cooling signs, the broader altcoin space—especially ETH and ADA—is gaining strength, supported by both technical breakouts and whale accumulation. Traders are advised to watch for volatility near BTC’s resistance while considering altcoin setups with bullish momentum.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-eyes-pullback-while-whales-load-up-on-cardano-and-ethereum-clears-key-resistance/