Best Altcoins Like Ethereum [ETH] And BNP Bank May Soon Start an Upward Surge

They failed to perform last week as their charts remained in the red. However, a recent analysis has pointed to an update, hinting at a trend reversal soon.

Cryptocurrency markets saw a downturn last week, with top altcoins like Ethereum [ETH] and BNB failing to perform. However, a recent analysis has indicated an upcoming trend reversal that could lead to a bullish wave for ETH and BNB.

According to the analysis, altcoins have been forming a classic “cup and handle” pattern over the past few years. This pattern typically indicates an upcoming upward surge for altcoins, which would include ETH and BNB.

To assess the possibility of an upcoming rally for ETH and BNB, let’s take a closer look at their respective states.

ETH and BNBの様子

A closer examination of Ethereum reveals that BTC exchange reserves are on the rise, indicating increased selling pressure on the token. However, the derivatives market presents a contrasting picture, with optimism prevailing.

The token funding rate is positive, indicating the dominance of long traders who are willing to pay short traders. Furthermore, the buy/sell ratio suggests a strong buying sentiment in the futures market.

Moving on to ETH’s daily chart, the MACD technical indicator showcases a bearish crossover.

Meanwhile, the Relative Strength Index (RSI) for ETH also registers a decline, suggesting that investors may have to be patient before witnessing a bullish turn for ETH.

Next, let’s analyze BNB’s performance over the past week. The coin’s social volume has seen a slight uptick, indicating its popularity among traders.

However, the sentiment for the coin remains in the negative territory, indicating a prevailing bearish sentiment around BNB.

Finally, BNB’s technical indicators also present a bearish outlook. The MACD indicator suggests a potential for a price correction, while the Relative Strength Index (RSI) also takes a slightly southerly path.

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