A Top Crypto Analyst Predicts Solana Will Outperform Ethereum in Next Bull Run
A well-known crypto trader has shared insights suggesting that one of the top-10 altcoins is poised to outperform Ethereum (ETH) once the cryptocurrency market experiences another bull run.
Popularly known as Inmortal Crypto, the pseudonymous analyst recently informed his 232,000 followers on the social media platform X that Solana (SOL) is showing signs of outperforming ETH in the current market bounce, indicating a potential trend that may continue.
Comparing SOL and ETH Performance
By analyzing four-hour charts that compare the performance of SOL to ETH during the month of April, the analyst highlighted that SOL surged by approximately 65% from its April low to high, while ETH recorded a surge of around 33% during the same period.
Based on this data, Inmortal Crypto suggests that SOL is likely to reach a price point of $330 after retesting a crucial support level around $100, indicating a bullish trend for the altcoin.
Potential Breakout Scenarios
Furthermore, the analyst predicts that ETH is on the brink of a breakout after retesting the $1,500 level, potentially mirroring a similar pattern observed in late 2024.
According to Inmortal Crypto, the future price movement of ETH could lead many investors to regret not taking advantage of the current opportunity.
Current Market Prices
At the time of writing, Solana is trading at $151, experiencing a slight 1% decrease in the last 24 hours. Meanwhile, ETH is priced at $1,791, marking a 1% increase for the day.
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