According to Odaily Planet Daily, Mark Newton CMT, Head of Technical Strategy at Fundstrat, stated in an article on the X platform that he disagrees with the view that cryptocurrencies have peaked, and listed five reasons:

1. The Elliott Wave structure does not show any signs of topping out;

2. Monthly DeMark signals are not yet available;

3. A negative MACD indicator due to sideways consolidation is not decisive;

4. The medium-term upward trend since 2022 has not been broken;

5. Market sentiment is far from reaching levels that typically signal a significant market peak.

He added that he is watching for signals confirming that ETH and BTC prices have bottomed out.