A closely followed crypto trader believes that Ethereum (ETH) is gearing up for a sudden massive move to the upside that will take many by surprise.
Pseudonymous crypto analyst Inmortal tells his 203,700 followers on the social media platform X that Ethereum could soon approach the $3,000 level, a more than 34% increase from its current value.
“Ethereum god candle will catch many people off guard.
‘ETH is dead.’
‘ETH is broken.’
Do you think this market gives a s**t about that? Human greed has no limits.”
The trader shares a chart comparing ETH’s current price pattern to a similar historic Bitcoin (BTC) price pattern, suggesting that ETH is about to go on a massive rally, flipping a key resistance level at around $2,400 into support.
He also predicts that Ethereum will soon soar out of a descending triangle against Bitcoin (ETH/BTC) and hit 0.069 BTC ($2,926) next month.
ETH/BTC is trading for 0.05251 BTC ($2,228) at time of writing.
Next up, the trader gives a bullish outlook on ETH competitor Solana, sharing a chart where he predicts SOL will increase to about $500, a more than 350% increase from its current value, by early 2025.
Solana is trading for $111 at time of writing, down 6.6% in the last 24 hours.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney