Bitcoin Eyes Pullback, While Whales Load Up on Cardano and Ethereum Clears Key Resistance
Crypto markets remain active with key developments across Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), as shared by leading market analyst Ali Martinez.
Here’s a summary of the most recent insights.
Bitcoin Flashing Sell Signal on 12H Chart
Bitcoin may be heading for a short-term pullback, according to the TD Sequential indicator on the 12-hour chart. The tool has triggered a sell signal following BTC’s impressive run-up past $103,000.
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Current price: ~$103,662
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Resistance zone: $106,000 (previously cited as key breakout level)
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Short-term caution advised for traders looking to enter at current levels
Cardano Whales Buy 40M ADA in 48 Hours
In a clear sign of confidence, whales have accumulated over 40 million ADA in just the past 48 hours. The chart shows a sharp uptick in holdings among wallets containing 100M–1B ADA coins, correlating with ADA’s recent price breakout.
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Strong accumulation supports potential continuation of upward momentum
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Suggests bullish positioning ahead of further ecosystem developments or upgrades
Ethereum Clears Key Resistance, Ignites Bullish Outlook
Ethereum has successfully moved above its $2,380 supply barrier, a zone that previously acted as heavy resistance. As a result, analysts now see a new bull rally forming.
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A chart from May 8 shows this resistance zone was backed by over 12.7M addresses holding ETH
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Clearing this level increases the likelihood of a momentum-driven run to higher targets
Ali reaffirmed this breakout in a follow-up post:
“#Ethereum $ETH moved past resistance. Send it! 🚀”
Conclusion
While Bitcoin shows potential short-term cooling signs, the broader altcoin space—especially ETH and ADA—is gaining strength, supported by both technical breakouts and whale accumulation. Traders are advised to watch for volatility near BTC’s resistance while considering altcoin setups with bullish momentum.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
