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There is no denying that the cryptocurrency market has bounced back in a big way this week. After months of stagnation, macroeconomic conditions and geopolitical developments saw some optimism arise. Although Ethereum has been performing well, there is one thing that may stand between ETH and the coveted $3,000 mark. The asset has long been the second-largest cryptocurrency by market cap. Moreover, there were experts who discussed the cryptocurrencies poised to take a chance at overtaking Bitcoin. Yet, analysts have pointed to one key facet that may keep Ethereum from breaking through the critical level. Source: Watcher Guru Also Read: Ethereum: Analysts Explain Why ETH is en Route to Overtaking Bitcoin Ethereum to $3,000? Why One Thing May Stand In Its Way Since the arrival of US President Donald Trump, the digital asset sector has been on the up and up. Indeed, his return to the White House has brought with it the first pro-crypto administration in the country’s history. That is...

A crypto strategist holding a “Master Trader” rank on the crypto exchange Bybit says one Solana (SOL)-based memecoin looks poised to have a strong week despite the latest correction. Pseudonymous analyst Bluntz tells his 278,100 followers on the social media platform X that Bonk (BONK) looks to be in the midst of a five-wave surge. Bluntz is a popular practitioner of the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally. The trader shares a chart suggesting that BONK will rally to as high as $0.000033. “Swift post weekly dip here which is ideal, BONK in prime position for a turbo green week, in my opinion.  Parabola soon.” Source: Bluntz/X At time of writing, BONK is trading for $0.000024, up from its 24-hour low of around $0.0000216. The trader also shares a chart comparing the price performance of BONK against fellow memecoin Pepe (PEPE). According to Bluntz, BONK looks primed to outperform PEP...