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CoinGape 2025-01-17 08:44:01

Cardano Price Forecast: 2 Reasons to Sell Ethereum (ETH) For ADA

Cardano (ADA) rose for the fourth consecutive day as the crypto market’s comeback continued due Bitcoin’s $100K revisit. With the price surging almost 7% in the last 24 hours, ADA is primed to trigger another rally. Technical analysis points to a cup-and-handle pattern on the three-day chart and an inverse head-and-shoulder setup on the 4-hour chart. Should You Sell Ethereum (ETH) for Cardano (ADA) Cardano (ADA), also known as an “Ethereum Killer,” has had better performance than Ethereum (ETH) in the past 17 days of 2025. While ADA has gained 31%, ETH’s YTD gains still linger around just above 1%. With such a massive contrast between the two crypto tokens, investors will likely abandon Ethereum for Cardano. As noted above, the technical analysis notes that Cardano is forming two extremely bullish patterns that point to breakout rallies, extending from 30% to 80%. Hence, it wouldn’t be a surprise if investors prefer ADA over ETH in the ongoing bull run. To make matters worse, Ethereum has a spot ETF approved, while Cardano has none. Despite the added advantage ETH price performance is lackluster. ADA Price v. ETH Price Performance YTD Gains While the YTD gains are contrasting, let’s look at why Cardano price analysis and why ADA could yield a better return on investment than Ethereum. Cardano Price Analysis: Why ADA Will Outperform ETH The daily chart shows Cardano price is forming a cup-and-handle pattern, signaling breakout rally to the upside. This technical formation contains a rounded bottom identified as the “cup” and followed by a minor pullback termed “handle.” The target for this pattern is obtained by measuring the depth of the cup and adding it to the neckline of $1.21. This theoretical forecasting method reveals a target of $2.20. ADA/USDT 3-Day Chart The ADA/USDT 4-hour chart shows an inverse head and shoulders pattern, with the neckline at $1.15 acting as critical resistance. A breakout and close above this level could spark a strong upward move, driving Cardano’s price toward $1.48, which aligns with the pattern’s projected target based on its measured move. ADA/USDT 4-Hour Chart What next for ADA? On the three-day chart, Cardano (ADA) is showing a bullish pennant pattern, signaling a potential breakout. With a measured target of $1.58, based on the 42% height, ADA could rally further if it breaks key resistance. Positive RSI and MACD trends also support this upward momentum. ADA/USDT 1-Day Chart In conclusion, Cardano price exhibits bullish patterns, targeting $1.50–$2.20, signaling potential rallies. As per Cardano price prediction , ADA could hit $2.50 by 2025, driven by strong investor confidence, outperforming Ethereum (ETH) in the ongoing bull run with robust technical indicators. The post Cardano Price Forecast: 2 Reasons to Sell Ethereum (ETH) For ADA appeared first on CoinGape .

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