As the weekend approaches, traders are wondering whether the crypto market will see a pump, dump, or move sideways. On The Paul Barron Network, analyst Evan Aldo recently shared his thoughts on the market’s short-term direction. According to Aldo, the market could either move sideways or see a small pump over the weekend. If he had to pick, he leans towards a pump but admits sideways movement is also likely.
If You’re New to Crypto — What Should You Buy?
For those new to crypto, Aldo was asked what he would invest in if he were starting fresh today. His answer was clear: Ethereum (ETH).
Why Ethereum?
Aldo explained that Ethereum looks strong against Bitcoin and has likely hit a bottom. He gave it a 90% chance of having bottomed against Bitcoin.
It also appears to have made a local low against the total altcoin market (known as Total 3, which includes all coins outside of Bitcoin and Ethereum). Aldo believes Ethereum will likely outperform smaller altcoins for the next few months.
How High Could Ethereum Go?
While some market watchers are predicting long-term price targets between $6,000 and $7,400 for Ethereum, a few even suggest it could climb as high as $10,000 to $11,000 if momentum builds.
But for now, analysts like Aldo are focusing on the next major target — $3,200 — as the first key milestone. If Ethereum can break that, it may pave the way for bigger moves by the end of 2025.
One particularly bullish signal Aldo pointed out is a rare trigger wave forming on the three-week chart. Similar patterns appeared before major rallies in the past, like in 2020. While a huge 10x move is unlikely this time, a 2x or 3x gain could still be on the cards.
What’s Next for the Market?
Once the Federal Reserve starts cutting interest rates, Aldo expects a full-fledged altcoin season — where smaller coins could surge and outperform Ethereum. Until then, he considers Ethereum a must-have crypto during this transition phase.
