Cryptocurrency Analyst’s Bold Predictions for Ethereum and Solana 🚀
A crypto analyst with a significant following on social media believes that Ethereum (ETH) is poised for a period of success while its competitor, Solana (SOL), could be on track for a major uptrend. The analyst, known as Inmortal, anticipates substantial price movements for both cryptocurrencies in the near future. Here are the key insights:
– Inmortal projects a bullish rally for Ethereum, with an initial target set at $4,000.
– Chart analysis indicates strong support for ETH around the $2,800 level.
– The analyst expects an imminent “ETH season” fueled by disbelief, similar to previous trends.
– Ethereum is currently trading at $3,107.
Moreover, Inmortal has shifted his focus to Solana, drawing parallels between Solana’s current market cycle and Ethereum’s trajectory in 2021. The analyst forecasts that if Solana continues on its current path, it could surpass the $360 mark by the end of the year.
– Inmortal’s comparison: “ETH 2021 vs SOL 2024”
– Solana is currently valued at $177.54.
Bitcoin’s Key Levels and Potential Run-up 📈
While discussing Bitcoin (BTC), Inmortal highlights crucial price levels and possible outcomes for the leading cryptocurrency:
– BTC is currently trading within a range of $74,000 to $56,000.
– A sustainable hold above $66,000 could propel BTC to new all-time highs.
– Inmortal emphasizes the importance of reclaiming the mid-range for a bullish scenario.
– Presently, Bitcoin is priced at $67,024, slightly surpassing Inmortal’s predicted mid-range level.
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– Image Credit: Midjourney
Hot Take: Expert Analysis of Crypto Trends 🌟
As the crypto market experiences shifts and potential uptrends, insights from analysts like Inmortal offer valuable perspectives on the future of Ethereum, Solana, and Bitcoin. Stay tuned for more updates and expert opinions on market dynamics and emerging trends.
The post Crypto Analyst Predicts Ethereum Season, Says Solana Following in Footsteps of ETH’s 2021 Market Cycle appeared first on The Daily Hodl.
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