- Cardano’s triangle consolidation suggests a 30% price movement soon.
- Ethereum trading between supply zones could trigger rapid market action.
Cardano ($ADA) and Ethereum ($ETH) are both trading within tight consolidation zones, signaling the potential for strong price movements. $ADA forms a symmetrical triangle on the 1-hour chart, while $ETH tests key supply levels between $1,540 and $1,630. Traders are closely monitoring both assets for breakout signals. The following price moves could define short-term market trends across altcoins.
Cardano Forms Symmetrical Triangle With 30% Move Imminent
Cardano ($ADA) consolidates between $0.60 and $0.6650, forming a symmetrical triangle pattern on the hourly chart. Analyst Ali Martinez notes this formation reflects market indecision, with buyers and sellers in balance. The current price of $0.6161 sits near the triangle’s apex, suggesting that a breakout could occur soon.
The symmetrical triangle is marked by lower highs and higher lows, indicating compression in price movement. If $ADA breaks above the $0.6650 resistance, technical indicators suggest it could climb to $0.70 or even $0.75. A breakdown below the $0.60 support may lead to a 30% decline, pushing the price toward $0.55..
Ethereum Trades Between Supply Zones With Bearish Pressure Rising
Ethereum ($ETH) is trading in a narrow range between $1,540 and $1,630, key supply zones that have historically seen high trading volume. According to market data, $ETH is currently priced at $1,584.27, near the lower end of this channel. Analysts observe that the $1,540 level has acted as strong support, while $1,630 continues to cap upward movements.
Source: TradingView
Ethereum has also been trading within a descending channel, characterized by lower highs and lower lows since late 2024. The current support at $1,584.27 is close to the lower boundary of this channel. A move below $1,540 could trigger further losses, potentially taking $ETH to $1,500 or below. A reversal from support might break the descending trendline and open room toward $2,000. Whale activity suggests increased sell pressure, with large holders reportedly offloading ETH at a loss.
Analysts Monitor Breakout Zones as Market Sentiment Shifts
According to the in/out of the money data, around 52.56% of $ETH holders are currently at a loss, while 43.88% are in profit.
Ethereum in and out of Money around the price
This metric is influencing market sentiment as Ethereum navigates a critical phase. In contrast, Cardano’s price structure is compressing more rapidly, adding urgency to its next breakout.
Justin Sun, the founder of Tron, stated that despite Ethereum’s price drop, the Tron Foundation will not sell its ETH holdings. Reports suggest Sun holds approximately 665,000 ETH, now valued at under $1 billion. He emphasized continued collaboration with Ethereum developers, despite mounting speculation around the foundation’s extensive holdings.
Meanwhile, Cardano founder Charles Hoskinson responded to his exclusion from the White House Crypto Roundtable by stating he “doesn’t care” and has no interest in dealing with the Trump administration. These comments came as $ADA’s price action drew increased attention from technical traders.
Both $ADA and $ETH are positioned near critical price levels. With traders awaiting confirmation from either a breakout or a breakdown, the market braces for decisive moves in the coming sessions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
