Top Analyst Predicts Ethereum\'s Rise to $5,000 Amid ETF Buzz – Is Altcoin Season Next?

The cryptocurrency market is currently calm but brimming with anticipation. Investors are eagerly waiting for the next bull run, with altcoins still presenting attractive entry points. Despite recent stability, these digital assets are gradually rising, primed to surge at any moment.

A renowned crypto analyst has predicted that Ethereum’s price could soon reach $5,000, driven by the anticipation surrounding upcoming exchange-traded funds (ETFs). This bold prediction has sparked speculation about the possibility of an impending altcoin season.

In this article, we will explore the recent price movements of Ethereum and other promising altcoins, highlighting their potential for growth and discussing the factors that might influence the upcoming bull run.

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Ethereum (ETH) is currently trading within a range of $2960 to just above $3400. The nearest resistance level is roughly $3556, which ETH needs to cross over to confirm a stronger uptrend. Despite dropping slightly over the past month, ETH has surged by more than fifty percent in the last six months.

Bullish indicators suggest ETH can rise to near $4000, with growth potential of over fifty percent from current levels. Recent activity shows that bulls are holding strong, setting the stage for another significant rally. If past trends from 2021 repeat, the next few months could see ETH reaching new highs.

Solana (SOL) is showing strong signs even with recent market dumps. Currently, the price ranges between $134 and $155. Bulls seem in control, pushing the coin up by over 23% in the past week and by about 31% this month.

With a healthy RSI of nearly 64, Solana has the potential to break through its nearest resistance at $162. If momentum continues, we could see SOL testing the second resistance at $183, marking a potential rise of around 18% from current levels. Despite some dips, Solana’s 6-month change of 109% suggests long-term growth is still on track.

Optimism (OP) is currently trading between $1.47 and $1.98 and has shown a 13.35% rise in the past week. Despite recent dips, OP is above its 10-day and 100-day moving averages of $1.90 and $1.87, respectively. With an RSI of 53.25, the market sentiment is balanced, leaning towards bullish.

The resistance at $2.16 and $2.66 are crucial. If OP breaks the first resistance, it could rise by 9% and even reach the second resistance, gaining around 35% from its current high. The current price movement suggests bulls are gaining strength, indicating a promising potential for growth.

Render’s current price sits between $5.62 and $6.83. Bulls are holding strong despite recent dips. The coin needs to break the $7.47 resistance to show more gains. If it does, the next target is $8.69. The 10-day and 100-day moving averages are close, giving a mixed signal. The RSI at about 57 hints that it’s not overbought yet.

With a 6-month rise of almost 87%, another big swing could happen. Investors should watch for a 20% jump if it crosses resistance. Bears don’t seem to have much grip right now.

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