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 Ethereum Bulls Bet on a Flag Breakout

With crypto on the move and Bitcoin ($BTC) approaching new all-time highs, retail investors on Cryptotwits are looking for Ethereum ($ETH) to lead an altcoin comeback. The cryptocurrency was the #1 trending topic on the platform today, and sentiment shifted back into “bullish” territory.

From a technical perspective, both the Ethereum/US Dollar and Ethereum/Bitcoin charts are sporting bull flags. The 200-day moving averages, which are sloping slightly downward in both, indicate long-term underperformance, but bulls are hoping for a comeback. 

Those who are bullish on crypto expect investors to spread the love as Bitcoin breaks out, and the risk in Ethereum is very well defined. As a result, they’re looking for a breakout, which would target the December highs near 4,000.

Precious Metals’ Bull Market Reaches Palladium

The precious metals bull market is continuing as Silver breaks out to 13-year highs and Gold hovers near all-time highs. Platinum and Palladium are joining the party as investors seek additional ways to capitalize on the theme. 

Palladium is an interesting one, as it has stabilized for the last two years above long-term support and is now emerging from that base. Stocktwits sentiment in the Palladium ETF ($PALL) reached its highest level of the year, and message volumes have spiked, indicating increased interest.

From a technical perspective, there are a lot of ways to define your risk here, depending on whether you’re an investor or trader. But if the precious metals’ bull market is truly expanding, any dips back toward the 2025 lows will likely be met with demand as this long-term trend shifts to the upside.

U.S. Healthcare Providers Look Sickly

The healthcare sector has been a serious underperformer relative to the broader market, with one area standing out as vulnerable in the current environment. That area is healthcare providers.

The U.S. Healthcare Providers ETF ($IHF) recently broke down from a 4-year range and is now retesting broken support near 47-48. For stock market bears who have few places to hide in this bull market, this may be a clearly defined opportunity to play the short side with a target near 40-41.

The top holdings in this ETF include UnitedHealth Group, Elevance Health, Cigna Group, HCA Healthcare, and others who will likely remain on the bears’ watchlists as long as prices in $IHF stay below their recent breakdown level.

Retail Bets Nike’s Problems Are Not Over

Another chart that’s sporting a similar breakdown retest is Nike ($NKE). Stocktwits sentiment is currently in ‘bearish’ territory, suggesting retail investors are betting that the bad times for the sports apparel maker aren’t over yet.

From a technical perspective, prices are stuck below broken support near 66-69 and a downward-sloping 200-day moving average, both of which bears will be using as a reference point to trade against. On the downside, 49-51, where the stock settled in 2016-2017, is a logical target. Nevertheless, in a world full of long setups, bears may view this as another viable short.

Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.