Pseudonymous analyst Crypto Capo expresses concerns about the overheating of the cryptocurrency market, particularly Ethereum and certain altcoins.
Current Market Overview
Bitcoin has recently pushed beyond the $98,000 mark, while Ethereum touched the upper boundary of its resistance zone near $2,300.
Prediction for Ethereum and Altcoins
Crypto Capo believes that Ethereum's rally is losing momentum and anticipates a reversal that could drag prices below $1,200 by June. He pointed out that $1,500 served as a solid bounce point, but the next movement could be downward now that resistance has been met.
Impact on Solana and General Recommendations
Despite the warnings, Solana appears resilient, climbing toward the $170–$200 range and outperforming Bitcoin in recent sessions. Capo expects Solana’s momentum to continue, supported by strength in its broader ecosystem. He also advises traders to reassess their risk exposure as market conditions shift.
Crypto Capo's analysis indicates potential market overheating and underscores the importance of caution for traders, especially considering current resistance levels for Ethereum and altcoins.
