Crypto Analyst Predicts Cardano Breakout, Bitcoin and Ethereum Price Targets

Ethereum competitor Cardano may break out of its consolidation phase as early as December, according to crypto trader Ali Martinez.

Bitcoin needs to close above $28,233 to ignite a bull cycle, according to Martinez's analysis of the Warm Supply Realized Price indicator.

Martinez is watching RSI on Bitcoin's 4-hour chart to spot local highs and lows to inform buying and selling decisions.

The TD Sequential indicator suggests Ethereum could soon rebound to $1,630, per Martinez's analysis.

Martinez cautions that if Ethereum closes below $1,530, the bullish outlook will be invalidated.