Analyst Bullish on Ethereum, Circle, Coinbase as 'Three Horses' for Bull Market

Well-known analyst Doctor Profit recommended Ethereum, Circle, and Coinbase as three key positions for entering the bull market on Sunday.

In his weekly Bitcoin report posted on X, Doctor Profit outlined a simple two-level framework: he sees $71,000 as key support and $78,500 as the next major resistance.

Everything between these two levels is noise. A breakout above $78,500 opens the door to $82,000, which he described as the start of a full bull market upgrade.

He directly pushed back against the narrative of an overbought RSI, noting that weekly and monthly RSI readings remain in neutral territory.

The daily RSI looks overheated because liquidations drove most of the gains rather than new leveraged buying, making the underlying market positioning less stretched than the indicator suggests.

Why ETH Could Be a Bigger Bet Than BTC This Cycle

Doctor Profit holds 60% ETH and 40% BTC — the first cycle in his trading history where Ethereum outweighs Bitcoin.

Since he entered the positions, BTC is up 26%, ETH is up 33%, CRCL is up 50%, and COIN is up 15%.

He argues the case for holding these three assets goes beyond current price action:

Circle issues USDC

Coinbase provides a regulated on-ramp

Ethereum serves as the settlement layer beneath both

In a follow-up comment on Monday, Doctor Profit responded to traders who had been calling for a bearish August, an October bottom, and further declines from the bear market resistance zone over the past 30 days.

He said he found no convincing evidence to support those views and expects August to be bullish. He dismissed the mid-year cycle theory, arguing that macro tokenization and regulatory changes — not historical patterns — are shaping 2026.