AcloselyfollowedcryptostrategistandtraderthinksEthereum(ETH)isgearinguptoignitebigbreakoutrallies.
PseudonymousanalystInmortalsharesachartwithhis217,500followersonthesocialmediaplatformXsuggestingthatEthereumwillseeonefinaldipbeforesparkinga75%surgetohistargetof$4,100.
“Callmecrazy,butIthinkETHisagoodSPOTtradehere.
SlowerthanSOL,butsafer.”
Source:Inmortal/X
ZoominginonEthereum,InmortalnotesthatETHhasalreadybrokenoutofitshorizontalresistanceonthelowtimeframe.
“ETHshowingtheway.
Classicconsolidationbelowresistance+higherlows.”
Source:Inmortal/X
Attimeofwriting,Ethereumistradingfor$2,668.
TurningtoEthereumchallengerSolana,InmortalsharesachartsuggestingthatSOLismirroringits2021priceactionwhenitwitnessedalengthyconsolidationperiodbeforeamassiveeruption.
“SOL.”
Source:Inmortal/X
In2021,SOLconsolidatedformonthsbelow$60beforebreakingoutandrallyingtoitsall-timehighof$259.Attimeofwriting,SOLisworth$166.
TheanalystisalsotrackingthepriceactionofthememetokenFloki(FLOKI).AccordingtoInmortal,FLOKIisflashingmultiplebullishhigher-lowsetupsindicatingthatthememecoinispreparingforabreakout.
“It’sallright.Wehavethemountainnow.
Consolidationbelowresistance+higherlows?Thiswillendsoon.
FLOKIgobrrrrseason.”
Source:Inmortal/X
Basedonthetrader’schart,heseemstopredictthatFLOKIwilljumpto$0.00021.Attimeofwriting,FLOKIistradingat$0.000151.
GeneratedImage:Midjourney
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