Bitcoin Eyes Pullback, While Whales Load Up on Cardano and Ethereum Clears Key Resistance

Crypto markets remain active with key developments across Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), as shared by leading market analyst Ali Martinez.

Heres a summary of the most recent insights.

Bitcoin Flashing Sell Signal on 12H Chart

Bitcoin may be heading for a short-term pullback, according to the TD Sequential indicator on the 12-hour chart. The tool has triggered a sell signal following BTCs impressive run-up past $103,000.

• Current price: ~$103,662
• Resistance zone: $106,000 (previously cited as key breakout level)
• Short-term caution advised for traders looking to enter at current levels

Cardano Whales Buy 40M ADA in 48 Hours

In a clear sign of confidence, whales have accumulated over 40 million ADA in just the past 48 hours. The chart shows a sharp uptick in holdings among wallets containing 100M–1B ADA coins, correlating with ADAs recent price breakout.

Ethereum Clears Key Resistance, Ignites Bullish Outlook

Ethereum has successfully moved above its $2,380 supply barrier, a zone that previously acted as heavy resistance. As a result, analysts now see a new bull rally forming.

• A chart from May 8 shows this resistance zone was backed by over 12.7M addresses holding ETH
• Clearing this level increases the likelihood of a momentum-driven run to higher targets