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Home»Ethereum»Trader Says Major Layer-One Altcoin Unlikely To Repeat 2024-Style Run, Updates Outlook on Bitcoin and Ethereum
Ethereum

Trader Says Major Layer-One Altcoin Unlikely To Repeat 2024-Style Run, Updates Outlook on Bitcoin and Ethereum

June 21, 2025No Comments2 Mins Read
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A Crypto Analyst Predicts Potential Price Movements for Solana, Bitcoin, and Ethereum

A well-known crypto analyst recently shared his insights on the potential future price movements of some of the most popular cryptocurrencies. Altcoin Sherpa, a pseudonymous trader with a large following on X, provided his analysis on Solana (SOL), Bitcoin, and Ethereum.

Solana May Not Experience Another Bull Run Like 2021

Altcoin Sherpa expressed skepticism about Solana’s ability to replicate its impressive performance against Bitcoin (SOL/BTC) from last year. While he doesn’t believe Solana is dead, he does not foresee it having a bull run similar to the one seen in 2021 and 2024.

Image
Source: Altcoin Sherpa/X

Currently, SOL/BTC is trading at 0.0013768 BTC ($143), remaining relatively flat for the day.

Bitcoin’s Market Correction and Potential Breakout

Altcoin Sherpa also shared his thoughts on Bitcoin, suggesting that the recent market correction may have reached its bottom around the $103,000 range. He indicated that Bitcoin has been trading within a range with an upper boundary of $106,826 and a lower boundary of $103,127, hinting at a potential breakout in the near future.

Image
Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $104,359, showing no significant changes for the day.

Ethereum’s Sideways Movement and Anticipated Breakout

Regarding Ethereum, Altcoin Sherpa predicted that the cryptocurrency may continue to trade sideways for the next three months, similar to a pattern observed in 2024. However, he suggested that Ethereum could experience an explosive breakout as several Exponential Moving Averages (EMAs) converge, indicating a potential trend reversal.

Image
Source: Altcoin Sherpa/X

Currently, Ethereum is trading at $2,501, with potential price movements on the horizon.

See also  Here Are 5 Reasons Ethereum May Reach $12,000 In 2025 – Analyst

Stay Informed with The Daily Hodl

For more updates and insights on the cryptocurrency market, follow The Daily Hodl on X, Facebook, and Telegram. Don’t miss out on important alerts delivered straight to your inbox. Keep track of price actions and stay informed with The Daily Hodl Mix.

Generated Image: Midjourney

2024Style altcoin Bitcoin Ethereum LayerOne Major Outlook repeat Run Trader Updates
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