A Leading Analyst Predicts Ethereum (ETH) Breakout, Altcoins to Watch
A highly respected analyst and trader known as Inmortal has recently shared his bullish outlook on the leading layer-1 platform Ethereum (ETH), suggesting that a significant surge may be on the horizon.
Ethereum (ETH) Poised for Breakout
With a substantial following of 234,400 on X, Inmortal has conveyed his belief that Ethereum is gearing up for a rally towards new all-time high prices. The trader shared a chart indicating that ETH is approaching a final resistance level at around $4,000 before potentially skyrocketing to new record levels.
“Where we’re going, you won’t need charts. Clean $4,000, and this is going to get quite crazy.”
As of the time of writing, Ethereum is trading at $3,594.
Altcoins on Inmortal’s Radar
Mantle (MNT)
In addition to Ethereum, Inmortal is keeping a close watch on Mantle (MNT), an Ethereum layer-2 scaling solution. The trader believes that MNT, which has seen a 60% increase since July, is poised for a surge towards $1.25.
“Keep an eye on MNT. Today we printed a god candle, but I also said this when we were accumulating. It won’t warn you, the train will move fast and won’t wait for anyone. This is just getting started.”
At the moment, MNT is valued at $0.90.
Floki (FLOKI)
Furthermore, Inmortal sees potential in the memecoin Floki (FLOKI), anticipating an upward move. The trader suggests that FLOKI could reach $0.00016 based on his chart analysis. Currently, FLOKI is trading at $0.0001.
Solana (SOL)
Lastly, Inmortal predicts a rally for Solana (SOL) towards $220 in the near future. The trader suggests that the current price level could present a good opportunity for a bounce.
At present, SOL is priced at $163.
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