Renowned cryptocurrency influencer Inmortal is forecasting a substantial upward movement for Ethereum (ETH), suggesting it could soar by 75% to hit $4,100 following a recent downturn. With a strong following of 217,500 on Twitter, Inmortal’s insights are gaining traction within the crypto community.
What Does the Technical Analysis Reveal?
Inmortal emphasized that Ethereum has recently surpassed a horizontal resistance level on lower time frames. He illustrated this in a chart, stating, “ETH is leading. Resistance is forming below classic consolidation, along with higher lows.” This development implies a potentially robust upward trajectory for the cryptocurrency.
How Does Solana’s Past Compare?
Moreover, Inmortal drew comparisons with Solana (SOL), noting its price movements during a consolidation phase in 2021. Back then, SOL fluctuated below $60 before skyrocketing to a peak of $259. He speculated that with SOL currently priced at $166, a similar rally might be forthcoming.
Inmortal also mentioned the meme token Floki (FLOKI), predicting it might be poised for a breakout, potentially reaching $0.00021 soon from its current price of $0.000151. This token is seen as another opportunity for significant gains.
- Ethereum is expected to rise significantly, with potential to hit $4,100.
- Technical indicators show a strong upward trend for ETH.
- Solana’s past price movements suggest a possible repeat of substantial gains.
- The meme token Floki is also anticipated to rally.
The insights from Inmortal illustrate the dynamic potential within the cryptocurrency market, suggesting that both Ethereum and Solana could offer promising investment opportunities in the near term.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
