Popular cryptocurrency analyst Inmortal believes that Ethereum (ETH) 
$2,318 is gearing up for a significant rally. With 217,500 followers on Twitter (X), the analyst suggested that Ethereum could rise by 75% to reach $4,100 following its recent decline.
Technical Outlook for Ethereum
Inmortal noted that Ethereum has broken a horizontal resistance level on the lower time frames. In the shared chart, he explained, “ETH is leading. Resistance is forming below classic consolidation, along with higher lows.” He added that this situation indicates a stronger upward trend for Ethereum.
Solana’s Movement in 2021
In addition to Ethereum, Inmortal pointed out that Solana 
$86 (SOL) has displayed a movement similar to its consolidation period in 2021. In 2021, SOL consolidated below $60 before reaching an all-time high of $259. According to the analyst, even though SOL is currently trading at $166, it could experience a significant rise similar to that time.
Inmortal also indicated that the meme token Floki (FLOKI) is potentially on the verge of a breakout. The analyst predicts that FLOKI could reach $0.00021 soon. Currently, FLOKI is trading at $0.000151, and he believes that this token is also preparing for a substantial rally.
According to the analyst, Ethereum represents a slower yet reliable investment option. Solana’s potential rise could also serve as a positive signal for Ethereum. Additionally, while meme tokens like Floki carry high risks, they may offer substantial gains. Inmortal’s forecasts highlight potential opportunities in the cryptocurrency market.
