Analysts’ comments on cryptocurrencies have gained importance recently. The rise that started after the Bitcoin halving peaked in March and then turned into a decline. On May 20, a new wave of increase occurred in the market due to spot Ethereum ETF news, leading investors to make new comments. One of the prominent figures in the market made significant comments about Ethereum and another cryptocurrency.
What Is the Current Price of Ethereum?
A popular figure in the market made a statement about preparations for the second phase of a potential bull run in cryptocurrencies. The analyst named Inmortal made important statements on the social media platform X.
The analyst emphasized that this would likely result from a move by the Federal Reserve, indicating that this situation would probably mark the beginning of the next big rally in the bull run.
Everything will rise again before you realize it. Also, the cycle will end before you realize it. The first rate cut will trigger the second round of the bull run. Don’t worry, be ready. Generational wealth will be made in the coming months.
Among the cryptocurrencies followed by the investor, Ethereum (ETH) stands at the top of the altcoins. According to the analyst’s prediction, the ETH price may make one last downward move before moving above $4,000.
$3,500 – $4,100 More decline. The market is in ‘don’t let them know your next move’ mode. ETH.
As of the time of writing, the Ethereum price is at $3,849, following a rise of over 1% in the last 24 hours. The trading volume is at $15.2 billion, following a 14.83% increase in the last 24 hours.
TOKEN and ONDO Comments
In addition to ETH, Inmortal is also monitoring two different tokens. He made positive comments about TokenFi (TOKEN), which emerged as a reflection of the process of tokenizing real-world assets (RWA). According to the analyst, TOKEN seems to be following in the footsteps of Ondo Finance (ONDO), one of the prominent projects in the RWA sector in the past period.
Is TOKEN set to follow ONDO?
Looking at the chart shared by the trader, predictions suggest that TOKEN could surpass the $0.16 resistance and rise to $0.24.
As of the time of writing, it appears that the first resistance level of $0.16 has been surpassed. TOKEN continues to trade at $0.1683, following a 14% rise in the last 24 hours.
