Ethereum (ETH) is currently catching the attention of a popular crypto analyst who goes by the name Inmortal. With a following of over 220,000 on X, Inmortal is predicting a major breakout rally for Ethereum, which he refers to as a god candle.
Drawing parallels between Ethereum’s current two-hour chart and Bitcoin’s price action over the past few weeks, Inmortal notes that Ethereum is facing resistance at the $4,000 mark. However, he points out that Bitcoin also struggled to breach $100,000 before eventually skyrocketing to new all-time highs.
Inmortal suggests that Ethereum might be gearing up for a significant breakout, similar to what Bitcoin experienced. He even goes as far as predicting that ETH could surge close to its all-time high of $4,800 following the breakout, with the current price of ETH at $3,892.
But Ethereum isn’t the only cryptocurrency on Inmortal’s radar. He is also keeping a close watch on Floki (FLOKI), a memecoin that appears to be trading within a symmetrical triangle pattern. Inmortal believes that FLOKI is on the verge of breaking the diagonal resistance of the pattern and heading towards new record highs. He predicts that FLOKI could reach a new all-time high of $0.00038, with the current price at $0.000219.
In addition to Ethereum and Floki, Inmortal is also eyeing Solana (SOL), a rival to Ethereum. According to the analyst, Solana is poised to break above its diagonal resistance and rally towards $300. At the time of writing, SOL is valued at $222.60.
For crypto enthusiasts looking to stay updated on the latest market movements and predictions, following analysts like Inmortal can provide valuable insights. Whether it’s Ethereum, Floki, or Solana, the crypto market is always full of surprises and opportunities for growth.
To stay informed about the latest crypto trends and price actions, subscribing to email alerts and following reliable sources like The Daily Hodl on platforms like X, Facebook, and Telegram can help you navigate the ever-evolving world of cryptocurrencies. Don’t miss out on the latest news and updates – stay connected and informed in this fast-paced industry.