Cardano eyes breakout from $0.61-$0.67 zone, setting up for a potential 50% move
After months of sluggish action, the crypto market appears to be waking up. Ethereum, in particular, has shown strong momentum with a recent weekly close that triggered a macro bullish signal. However, traders are now being advised to tread cautiously.
Despite bullish setups across several altcoins, signs of a short-term pullback are emerging. Ethereum, SUI, and Cardano all show potential for breakout gains, but key resistance levels and macroeconomic factors are flashing early warnings.
According to analyst Dan Gambardello, Ethereum’s move from $1,900 in March to its current $3,800 mark is significant. It completed a bullish breakout from a multi-month pattern, signaling strong upside potential. Targets of $10,000 and even $16,000 are being discussed for the next leg of the cycle.
