A crypto strategist, known as Bluntz, believes that Ethereum is indicating significant strength in the market, suggesting a potential notable price increase. Bluntz, who utilizes Elliot Wave Theory, indicates that Ethereum may have completed a three-wave correction and is now poised for a bullish move.

In addition to Ethereum, Bluntz is also focusing on Helium (HNT), a lesser-known altcoin with a low market capitalization. He notes that HNT has displayed a rare bullish signal, indicating a potential trend reversal and bottoming out in its price.

Presently, Ethereum is trading at $3,183, while HNT is trading at $5.14, showing gains of over 13% within the last 24 hours. Bluntz's analysis suggests positive movements for both assets in the cryptocurrency market.