Tom Lee's fund analyst: Cryptocurrency has not yet peaked

Fundstrat's Head of Technical Strategy Mark Newton CMT posted on X platform that he disagrees with the view that cryptocurrencies have peaked, citing five reasons:

1. The Elliott Wave structure does not show signs of a peak;
2. The monthly DeMark signals have not yet been triggered;
3. The MACD indicator turning negative due to consolidation is not decisive;
4. The mid-term uptrend since 2022 has not been broken;
5. Market sentiment is far from the levels that typically indicate a meaningful market peak.

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