Renowned crypto expert Inmortal has indicated that Ethereum (ETH) stands at a pivotal moment, with its price chart mirroring trends seen in Bitcoin over the past fortnight. Sharing insights on social media platform X, Inmortal predicts that this pattern could lead to a significant breakout for Ethereum.
What Resistance Level Challenges Ethereum?
Inmortal pointed out that Ethereum is grappling with a resistance level around $4,000. He drew parallels to Bitcoin’s past struggles when it tested the $100,000 mark prior to its all-time high. He mentioned, “The same price action, but with one difference. The breakout post is the ‘God Candle’ for ETH.” This forecast has sparked considerable enthusiasm among traders.
Can Floki and Solana Reach New Heights?
Looking beyond Ethereum, Inmortal noted that Floki (FLOKI) is forming a symmetrical triangle pattern, which he believes is poised for a breakout to new highs. He stated, “The second wave is loading. A new peak is loading. Price discovery is loading for FLOKI.” Likewise, he anticipates that Solana (SOL) will exceed diagonal resistance and might approach the $300 mark, which could bolster bullish trends for Ethereum and Bitcoin.
Currently, Ethereum trades at $3,892, Floki at $0.000219, and Solana at $222.60. If the expected movements in these cryptocurrencies materialize, a broader upward trend in the market could follow.
- Ethereum’s potential breakout may invigorate the cryptocurrency market.
- Floki is preparing for a significant upward movement.
- Solana’s anticipated price rise could positively impact major cryptocurrencies.
The market remains vigilant as traders closely monitor these pivotal resistance levels, anticipating possible price fluctuations that may arise from these developments.
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.
