According to Miles Deutscher, the TOTAL3 chart, which represents the total cryptocurrency market cap excluding Bitcoin and Ethereum, may have formed a double top pattern. This pattern is often seen as a bearish signal, indicating a potential reversal in the market trend. Traders should monitor this development closely as it could suggest a forthcoming decline in altcoin prices. The analysis is based on the chart pattern observed by Deutscher.

According to Trader Tardigrade, Ethereum (ETH) has formed a Double Bottom chart pattern, indicating a potential bullish reversal with a target price of $7,700. This pattern is often seen as a bullish indicator, suggesting a significant upward movement in price, which could benefit traders looking to capitalize on this uptrend in the cryptocurrency market.