Crypto trader Bluntz, who boasts over 200k followers on [social media platform], posted recent updates on several major cryptocurrencies. Bluntz is known for providing insightful technical analysis and identifying emerging trends in the crypto market.
On Ethereum, Bluntz noted the recent decisive breakout over the past year and a half, stating: “$ETH has well and truly broken out of a year and a half range now. Just waiting for the inevitable rage pump that catches everyone out while they’re too busy shitting on ethbtc.”
At the time of writing, ETH is trading around $2,255, up from lows around $1200 in January this year. According to Bluntz, Ethereum could be positioned for a parabolic move upwards after consolidating for so long.
As for Bitcoin, Bluntz dismissed warnings of an impending 10-15% pullback, predicting the rally to extend much further from current levels following the rise from $36k: “All I see is people taking profit and warning of impending 10-15% pullbacks. Ya’ll not ready for how far this leg from 36k extends.”
Bitcoin is now trading around $43,400, up over 70% from summer lows. Bluntz believes there is room left for the rally to grow despite overbought conditions.
Finally, Bluntz highlighted SUI as another new cryptocurrency gearing up for significant upside after an initial sell-off, stating: “$SUI is another new coin that looks ready for the mark up phase. Had an 80% decline after initial listing pump and now some very nice accumulation.”
SUI is currently trading around $0.62, down from all-time highs around $2.16 in May, right after its listing. According to Bluntz, following this sharp correction, SUI could be bottoming out ahead of its next growth spurt.
It will be interesting to follow whether Bluntz’s optimistic outlook on ETH, BTC, and SUI is validated in the coming weeks and months. As an influential crypto trader, his insights should not be ignored.
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