Doctor Profit Names Ethereum, Circle, Coinbase as Top Three Holdings for Bull Market

Prominent analyst Doctor Profit has identified Ethereum (CRYPTO: ETH), Circle (NYSE: CRCL), and Coinbase (NASDAQ: COIN) as his top three holdings for the bull market.

In a recent report, Doctor Profit outlined a two-number framework for Bitcoin's (CRYPTO: BTC) price movement, treating $71,000 as the key support floor and $78,500 as the next major resistance. He noted that everything between these levels is 'noise,' and a clean break above $78,500 could open the path toward $82,000.

Doctor Profit pushed back on the overbought RSI narrative, stating that weekly and monthly RSI readings remain in neutral territory, while the daily RSI looks overheated due to forced short covering rather than fresh leveraged buying. He also pointed out that his holdings are 60% ETH to 40% BTC, a departure from previous cycles where Bitcoin outweighed Ethereum.

The analyst argued that owning all three assets goes beyond their current price move, citing Circle's role in issuing USDC (CRYPTO: USDC), Coinbase's provision of regulated on-ramps, and Ethereum's function as the settlement layer underneath both. He also addressed traders who called for a bearish August and October bottom, dismissing those views without convincing evidence.