According to Daniel Oon on Twitter, the 'Rising dragon' trend highlights a significant upward movement in select Asian-based cryptocurrencies, indicating strong bullish sentiment and increased trading volumes (source: Daniel Oon, Twitter, May 16, 2025). Traders are closely monitoring projects with connections to the Asian market, as these assets have shown notable price appreciation and above-average liquidity. This momentum suggests possible breakout patterns and presents opportunities for swing and momentum traders to capitalize on short- to mid-term gains. Crypto traders should pay attention to liquidity inflows, especially into leading coins and tokens with direct exposure to the Chinese and broader Asian digital asset ecosystem, as this trend could impact the overall crypto market direction.

According to Crypto Rover, Ethereum (ETH) has formed a double bottom pattern, a classic bullish reversal setup often signaling a potential upward price movement (source: Twitter @rovercrc, April 25, 2025). Traders are closely monitoring this chart structure as confirmation above the neckline resistance could trigger increased buying pressure and momentum, potentially driving ETH prices much higher. The double bottom formation is considered significant in technical analysis and is frequently used by trading professionals to anticipate breakout opportunities in volatile cryptocurrency markets.