Analyst Sees Crypto Pullback Looming as Ethereum Hits Resistance
After a major breakout across the crypto sector, one prominent market watcher is signaling that momentum may soon shift direction.
In recent commentary to his Telegram audience, the pseudonymous analyst known as Crypto Capo cautioned that much of the market looks overheated—particularly Ethereum and mid-cap altcoins, which have surged between 30% and 100% in a matter of days.
Bitcoin briefly pushed beyond $98,000, while Ethereum touched the upper boundary of its resistance zone near $2,300.
Capo believes ETH’s rally is losing steam and expects a reversal that could drag prices below $1,200 by June, based on technical patterns and historical behavior around key levels. He noted that $1,500 served as a solid bounce point, but the next leg could be downward now that resistance has been met.
Despite that warning, Solana is bucking the trend. The analyst pointed out that SOL appears more resilient, climbing toward the $170–$200 range and outperforming Bitcoin in recent sessions. He expects Solana’s momentum to continue, bolstered by strength in its broader ecosystem.
Capo, who said he has already secured partial profits from recent gains, emphasized caution across the board, suggesting that traders reassess risk exposure as conditions shift.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
