A popular crypto analyst thinks Ethereum (ETH) is about to print a huge breakout rally, also known as a god candle.
Pseudonymous analyst Inmortal tells his 221,100 followers on social media platform
The analyst says that while Ethereum is struggling to clear the $4,000 resistance, he notes that BTC also struggled to break $100,000 for weeks before surging to new all-time highs.
“The same price promotion, but with one difference.
God candle after the outbreak.
ETH.”
Based on the trader’s chart, he seems to predict that ETH will rise close to its all-time high of $4,800 after the breakout. At the time of writing, ETH is worth $3,892.
The trader has also locked his radar on the memecoin Floki (FLOKI). According to the trader, FLOKI appears to be trading in a symmetrical triangle pattern and is gearing up to break the structure’s diagonal resistance on its way to new all-time highs.
“Second stage up – loading.
New ATH – loading.
Price discovery – loading.
FLOKI.”
Based on the trader’s chart, he seems to predict that FLOKI will explode to a new all-time high of $0.00038. At the time of writing, FLOKI is worth $0.000219.
Looking at Solana (SOL), the trader sees the Ethereum rival breaking above its diagonal resistance and moving towards $300.
“Something like this.
SOL.”
At the time of writing, SOL is worth $222.60.
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Generated image: Midjourney
Credit : dailyhodl.com
