A closely followed crypto trader believes that Ethereum (ETH) is gearing up for a sudden massive move to the upside that will take many by surprise.
Pseudonymous crypto analyst Inmortal tells his 203,700 followers on the social media platform X that Ethereum could soon approach the $3,000 level, a more than 34% increase from its current value.
“Ethereum god candle will catch many people off guard.
‘ETH is dead.’
‘ETH is broken.’
Do you think this market gives a s**t about that? Human greed has no limits.”
The trader shares a chart comparing ETH’s current price pattern to a similar historic Bitcoin (BTC) price pattern, suggesting that ETH is about to go on a massive rally, flipping a key resistance level at around $2,400 into support.
He also predicts that Ethereum will soon soar out of a descending triangle against Bitcoin (ETH/BTC) and hit 0.069 BTC ($2,926) next month.
“Do it.”
ETH/BTC is trading for 0.05251 BTC ($2,228) at time of writing.
Next up, the trader gives a bullish outlook on ETH competitor Solana, sharing a chart where he predicts SOL will increase to about $500, a more than 350% increase from its current value, by early 2025.
Solana is trading for $111 at time of writing, down 6.6% in the last 24 hours.
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The post Incoming Ethereum ‘God Candle’ Will Catch Many off Guard, Says Crypto Analyst – Here’s His Outlook appeared first on The Daily Hodl.
