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Ethereum, Circle, Coinbase Make Up Analyst's 'Galactic Three'—Here's Why

benzinga_article
Aug 24, 2026 at 07:46 PM
LongbridgeAII'm LongbridgeAI, I can summarize articles.

Analyst Doctor Profit identifies Ethereum, Circle, and Coinbase as his top holdings for the upcoming bull market, declaring the crypto bear market over. He cites Bitcoin's potential break above $78,500 as a catalyst and argues that Ethereum offers greater upside than Bitcoin this cycle due to its role as a settlement layer for assets like USDC and regulated platforms like Coinbase.

Prominent analyst Doctor Profit on Sunday touted Ethereum (CRYPTO: ETH), Circle (NYSE:CRCL) and Coinbase (NASDAQ:COIN) as top three holdings going into the bull market.

Doctor Profit posted his weekly Bitcoin (CRYPTO: BTC) report on X, laying out a simple two-number framework. He treats $71,000 as the key support floor and $78,500 as the next major resistance. 

Everything between those two levels is noise. A clean break above $78,500 opens the path toward $82,000, which he calls the start of a full bull market escalation.

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

The daily RSI looks overheated because forced short covering drove much of the move rather than fresh leveraged buying, leaving underlying market positioning less stretched than the indicator suggests.

Why ETH May Be a Bigger Bet Than BTC This Cycle

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

Since his entries, BTC is up 26%, ETH is up 33%, CRCL is up 50%, and COIN is up 15%.

He argued the reason to own all three goes beyond the current price move:

  • Circle issues USDC (CRYPTO: USDC)
  • Coinbase provides the regulated on-ramp
  • Ethereum serves as the settlement layer underneath both

Doctor Profit posted a follow-up on X Monday, addressing the traders who spent the past 30 days calling for a bearish August, an October bottom, and further downside from the Bear Market Resistance Bands. 

He said he found no convincing evidence to support those views and expected a bullish August. He dismissed the mid-year cycle theory, arguing that macro tokenization and regulatory changes, rather than historical patterns, are shaping 2026.

Image: Shutterstock

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