Is the market still not at its peak? A major fund analyst disagrees.

As opinions about the cryptocurrency market reaching its peak continue to spread, alternative voices are emerging. Mark Newton, a fund manager affiliated with Tom Lee’s firm, argues that based on technical indicators, the market may not yet be at its top.

Newton’s Rationale

Technical indicators are not signaling a warning

• No signs of a top are visible in the Elliott Wave structure
• Monthly DeMark signals have not yet been triggered
• No confirmation of the typical peak pattern, the “5-wave decline”

Medium-term trend remains strong

• Since 2022, prices and high points have maintained an upward trend
• While sideways trading can weaken momentum, it does not indicate a decisive reversal

Market sentiment has not yet reached euphoria levels

• Compared to past major peaks, current market sentiment remains calm

Key Points

However, Newton also acknowledges challenges. His ETH price forecasts since September have diverged from actual price movements, highlighting that not all predictions will be accurate. It appears crucial to assess the market by combining multiple indicators for a more reliable judgment.