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@nothing96
The latest data suggests that Ethereum [ETH] and BNB might soon start bull rallies despite recent poor performances. Last week, both cryptocurrencies experienced price drops, with ETH falling by 7% and BNB by over 2%. However, a new analysis indicates a potential trend reversal, highlighted by a tweet from crypto analyst Moustache, who noted a textbook cup & handle pattern forming over the years. This pattern suggests an impending bull rally for these altcoins. AMBCrypto's analysis further explored the current state of these coins, noting mixed signals in the derivatives market and technical indicators. While the derivatives market showed optimism, technical indicators like MACD and RSI for both ETH and BNB displayed bearish trends, suggesting that a rally might not be immediate.
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