Potential Pump Ahead for Ethereum As MACD Turns Bullish While Cardano Bulls May Push the Price Higher

Recently, the Ethereum price has been rising, while the price of ADA has shown some volatility. However, prominent analysts like Coinvo and Iko remain bullish on these top altcoins. They foresee big price jumps coming soon for both Ethereum and Cardano. With record interest from big investors for ETH ETFs and Hoskinson teasing a new August Audit report for ADA, many traders are still looking at them as altcoins to watch.

Coinvo: The Ethereum Price Could See a Big Pump Soon

Ethereum (ETH) is an altcoin currently riding a bullish wave. CoinMarketCap shows that the Ethereum price jumped more than 50% in the last month. It started the month trading around $2,400 and ended up passing the $3,600 mark.

Market analyst Coinvo thinks that this bullish trend will continue for Ethereum (ETH). According to his X post, an inevitable pump is coming ahead for the Ethereum price since the crypto space now shows a cup and handle pattern. This could push its value past $3,700 soon. Furthermore, TradingView indicates that the MACD level for Ethereum has turned bullish at 299. This signals continuation of the Ethereum price growth.

There have been some exciting developments, too, with big investors showing record interest in Ethereum ETFs. Due to these factors, investors are hopeful that this Ethereum price prediction will come true.

Expert Foresees a Surge to $1.20 for the Price of ADA

Cardano (ADA) is one of the top 10 altcoins, but it has seen some slight dips recently. According to CMC data, the price of ADA has decreased by over 5% on the one-week chart. Still, this drop looks pretty normal after how much Cardano has jumped—over 30%—in the last month. While that’s been happening, the price moved between $0.60 and more than $0.80.

The community is keeping an eye on Cardano (ADA) thanks to a bullish statement from analyst Iko. In a recent post, Iko told his X followers that Cardano has broken out of its long term downtrend and it is now retesting the breakout zone around $0.78. If its support holds, the price of ADA could see a push towards $1.20.

Furthermore, TradingView data shows that the bull bear power sits at 0.0008 which is in the buy zone. It suggests that bulls may push the price of ADA higher. Plus, Charles Hoskinson hinted that the August Audit report is coming soon. Because of this, traders think this Cardano price prediction has the potential to come to life.

The Potential Growth of Ethereum (ETH) and Cardano (ADA)

Currently, several indicators suggest that the Ethereum price and the price of ADA may rise soon. Big investors are now showing interest in the ETH ETFs, which is bound to increase demand for the Ethereum coin. Plus, the August audit report is bound to generate interest for Cardano. As a result, the value of these altcoins may rise soon.