Prominent crypto analyst Inmortal has sparked excitement with his bullish forecast for Ethereum (ETH). Sharing insights on X, Inmortal noted similarities between Ethereum’s recent price action and Bitcoin’s performance two weeks ago, suggesting a major breakout rally could be on the horizon for ETH.
Ethereum Approaching Key $4,000 Resistance
Ethereum’s battle with the $4,000 resistance level remains a focal point for investors. Inmortal drew parallels to Bitcoin’s past struggles with the $100,000 mark, highlighting how Bitcoin eventually soared to new all-time highs.
“Same price action, but with a twist. Post-breakout, God Candle. ETH,” said Inmortal, fueling optimism among Ethereum enthusiasts.
Should Ethereum break above $4,000, the analyst predicts it could enter price discovery mode and set new records. This development would likely strengthen bullish momentum across the cryptocurrency market.
Floki and Solana Eye New Peaks
In addition to Ethereum, Inmortal also highlighted opportunities in Floki (FLOKI) and Solana (SOL). Floki, currently trading in a symmetrical triangle pattern, is on the verge of breaking diagonal resistance to hit fresh highs.
“Second wave loading. New peak loading. Price discovery loading. FLOKI,” said Inmortal, inspiring optimism within the Floki community.
For Solana, the analyst expects a breakout above its diagonal resistance, potentially pushing prices toward the $300 mark.
“Something like this. SOL,” remarked Inmortal, emphasizing the token’s upward potential.
Current Market Snapshot
As of now, Ethereum is trading at $3,892, Floki at $0.000219, and Solana at $222.60. If the anticipated moves materialize, the broader crypto market could experience a significant upward shift.
Investors are closely monitoring the critical resistance levels for these assets. A successful breakout in any of these cryptocurrencies could lead to notable price volatility and fresh opportunities for traders.
Dey There continues to follow these developments closely, providing timely insights into market trends and key price movements.
