Cryptocurrency analyst Bluntz recently shared significant predictions about popular altcoins Dogecoin $0.349144 (DOGE) and Ethereum (ETH) $3,360, piquing the interest of many followers. Bluntz suggested that Dogecoin is preparing for a substantial upward trend, while also indicating that Ethereum is showing positive signs of growth. This evaluation has generated excitement among traders and enthusiasts in the cryptocurrency community.
Expectations of a Five-Wave Rise in Dogecoin
According to Bluntz, Dogecoin has entered a new five-wave upward trend, referencing Elliott Wave theory, which posits that rising assets typically experience five waves of growth. He stated, “The recent movement in Dogecoin certainly indicates that it has re-entered an upward trend. I believe DOGE is progressing towards new peaks above the $0.50 level.”
Bluntz expects Dogecoin to surpass the $0.60 level before completing its fifth wave increase. He highlighted the DOGE/BTC trading pair, asserting that the leading meme coin will strengthen against Bitcoin $95,757 and potentially outpace it before the current bull market concludes.
Strong Rally Signals for Ethereum
Conversely, Bluntz commented on Ethereum’s robust performance against both the dollar and Bitcoin. He believes that the recent stagnation in the leading altcoin is coming to an end, signaling the start of a new bullish phase.
Bluntz pointed to a strong breakout in ETH/USD over the past two weeks, along with promising bullish signals in the ETH/BTC trading pair. Currently valued at $3,618, he believes this price level sets the stage for Ethereum’s next upward movement.