Crypto Market Analyst Sees Bottoming Process in Ethereum, Cardano

A leading crypto market analyst has analyzed the charts of Ethereum (ETH) and Cardano (ADA), suggesting that they are in a deep bottoming process similar to prior cycles.

The analyst, Dan Gambardello, points out that the current environment is comparable to the 2018-2019 period, when quantitative tightening ended and the crypto market cap hit its 200-week moving average. This level coincided with the start and eventual bottom of the last bear market.

Gambardello highlights that both Ethereum's and Cardano's weekly charts display characteristics similar to past cycle lows, including oversold stock RSI and RSI values. He estimates that the current post-QT stretch is approximately 126 days for Ethereum and 154 days for Cardano, leaving room for a potential drop to the downside.

The analyst warns that sub-$0.20 prices are close for Cardano, suggesting that investors should be prepared for a final capitulation move akin to 2019. He also notes a fresh weekly MACD bullish cross on Cardano as an early sign that ADA could retest its 20-week moving average.

While the analyst is not calling the exact bottom, he believes that the market has already entered the broader bottoming zone seen in prior cycles, leaving a narrow and volatile window for both capitulation risk and long-term accumulation opportunity.