An experienced cryptocurrency strategist believes that two major layer-1 blockchain platforms, Ethereum (ETH) and Solana (SOL), are gearing up for significant rallies to new all-time highs.
Known as Inmortal, the analyst shared with his 217,500 followers on X that Ethereum is currently undergoing a consolidation phase before potentially surging to new record levels.
According to Inmortal’s analysis, Ethereum is showing signs of forming a strong base around $2,800, indicating a potential uptrend towards $5,000 in the near future.
“Simple structure, simple trade, simple life.”
As of the latest update, Ethereum is trading at $3,113, which is a 36% drop from its previous all-time high of $4,878.
Switching the focus to Solana, Inmortal predicts that SOL is ready to hit a new all-time high after breaking out from a symmetrical triangle pattern, typically viewed as a bullish continuation signal.
“Send [Solana] to new ATH (all-time high).”
Currently, SOL is priced at $235, just 9% away from reaching its all-time high of $259.96.
Additionally, Inmortal is optimistic about the meme token Floki (FLOKI), forecasting a potential surge to $0.00035 following a breakthrough above the $0.00024 resistance level.
“The outperformer.
FLOKI.”
At the moment, FLOKI is valued at $0.000256.
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