Crypto strategists and traders are predicting that Ethereum (ETH), the cryptocurrency, is about to explode in a big rally.
Inmortal, a pseudonymous analyst, shares a graph with his 217,000 followers on social media platform X, suggesting that Ethereum is likely to see a final dip, before a surge of 75% will reach his $4,100 target.
“Slower than SOL but safer.”
Inmortal, when zooming into Ethereum’s low-time frame, notes that ETH already has broken through its horizontal resistance.
“Classic consolidation below resistance plus higher lows”
Ethereum currently trades for $2.668 at the time this article was written.
Inmortal shared a chart that suggests SOL’s price is similar to its previous 2021 action, when the company experienced a long consolidation phase before experiencing a major explosion.
“SOL.”
SOL will consolidate for several months at a price below $60, before peaking in 2021. SOL’s value is $166 at the time of this writing.
Analyst also tracks the price movement of meme token Floki. Inmortal says that FLOKI has multiple higher-low bullish setups, indicating the memecoin’s readiness for a break.
It’s okay. Now that we have the mountain, it’s time to move on.
What is the combination of consolidation below resistance and higher lows? The end is near.
“FLOKI Go Brrrr Season”
According to the chart of the trader, it appears that he has predicted FLOKI’s jump to $0.00021. FLOKI was trading for $0.000151 at the time this article was written.
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The Invezz published the article Analyst Predicts 75% Increase in Ethereum Prices, and Sees Solana Repeting Massive Surge 2021.
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