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Known for his accurate forecasts, the anonymous crypto analyst Inmortal, commented on the altcoin king Ethereum (ETH), predicting a bullish future. The analyst also indicated a bullish outlook for two other altcoins on his watchlist, foreseeing a potential short-term rally.
Ethereum (ETH) Analysis by Analyst
Speaking to a large following on the social media platform X, the anonymous analyst Inmortal stated that Ethereum‘s main network asset, ETH, is technically poised for a significant price rise. After ETH recently bounced from the support level around $2,900, the analyst expressed confidence in the altcoin king’s upward trajectory, stating it is ready for a “real” rally targeting approximately $3,600.
The price chart shared by the investor shows that ETH’s rally is imminent, as indicated by technical indicators and price action. ETH is currently trading at $3,226, and Inmortal’s forecast aligns with the prevailing market sentiment among investors, which reflects optimism about Ethereum gaining further value.
Comments on Seedify.Fund (SFUND) and Radix (XRD)
In addition to Ethereum, Inmortal also predicted a bullish future for two other altcoin projects, Seedify.Fund (SFUND) and Radix (XRD). The analyst noted that the main network asset of Seedify.Fund, a launchpad specialized in blockchain games, SFUND, is in a favorable position indicated by a double bottom formation and significant support, pointing to potential price increases. Inmortal expects significant price movements for SFUND once it surpasses the $3 level, reflecting its potential for substantial gains.
Turning his attention to Radix, a decentralized finance (DeFi) focused Layer 1 Blockchain project, Inmortal emphasized a long consolidation phase lasting over 500 days. According to the analyst, this consolidation period indicates that XRD is overdue for an upward breakout. Inmortal recently purchased XRD, underscoring his confidence in the project’s expectations and belief in the altcoin’s future growth potential.
XRD‘s current price of $0.055, significantly below its all-time high of $0.6513, along with Inmortal’s analysis, indicates that the altcoin’s consolidation phase and technical setup point to forward-looking upward momentum.
