In 2018, an analyst gained fame by correctly predicting the bottom level of Bitcoin, and now he is making ambitious predictions once again. Past predictions do not mean that analysts can accurately predict every move in the future. However, looking at the markets from their perspective can be beneficial. So, what price targets does he have for SOL and ETH?
Ethereum Predictions
The analyst known as Bluntz, who frequently shares his views on the market, first looked at the altcoin king. According to the analyst, the corrective movement for Ether is over and the price can now soar. He also mentions receiving a signal that indicates the beginning of this movement in the short-term timeframe.
“Things didn’t go as expected for the ETH/BTC pair, but I think there is a nice corrective setup in the USD pair with a beautiful five-wave decline, and there is a nice low-timeframe divergence to confirm it.
I believe the ‘bottom’ is completed, and we will now rise above $1,880 at least once again.”
After making this prediction, Bluntz saw ETH surpassing $1,880 and currently aims for $2,000 as of the time of writing this article.
If the downward movement for ETH has indeed ended, we will see the price making daily closes above $1,906. Then, the resistance zone at $1,945 will be tested. If the ETH bulls don’t believe in the rally, significant profit-taking will occur here as this is an important cost zone.
If the rally continues, the price will target the levels of $2,029 and $2,126. When this happens, the price can rush towards the peak target of $3,181. Just as there were significant volume declines in the last bear season, there can be a similar activity in the reversal.
Solana (SOL) Analysis
The second cryptocurrency that caught the analyst’s attention is Solana (SOL). Although the price has increased by nearly 400%, according to Bluntz, the rally of SOL Coin will continue. We may see a short-term correction, but the analyst says investors should not be scared, as he targets a new high above $50.
On the weekly chart, if the SOL Coin bulls overcome the $47 resistance, we can expect a rally extended to $54, $77, and then $101.
