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A closely-watched crypto strategist foresees sharp recoveries for Ethereum (ETH) 
$2,997 and Solana 
$163 (SOL). The anonymous analyst, Kaleo, shared his insights with his 647,300 followers on social media platform X, indicating that his previous bearish scenario for Ethereum is now invalid. He believes Ethereum has formed a local bottom and is preparing for significant rallies.
Predictions for Ethereum
Kaleo expects Ethereum to rise to $4,400. At the time of writing, ETH is trading at $2,383. The analyst shared a chart that supports his prediction, indicating a bullish outlook for the cryptocurrency.
According to Kaleo, the local bottom formation is a strong indicator that Ethereum is poised for upward movement. Investors are closely monitoring these developments as they could signal substantial gains in the near future.
Predictions for Solana
Regarding Solana, Kaleo shared another chart suggesting that SOL has found support at $120 and is on its way to reaching a new all-time high. The chart predicts that Solana could surge to approximately $400. Currently, SOL is valued at $135.63.
The analyst’s confidence in Solana’s upward momentum has generated excitement among investors. Many see this as a potential opportunity for significant returns, provided the market trends align with Kaleo’s forecasts.
General Expectations for the Crypto Market
Kaleo also expressed optimism for the broader crypto market, stating that the fourth quarter of the year could be very positive following a prolonged correction period over the last six months. He anticipates major gains during what he terms “Uptober” and “Upvember.”
The charts and statements shared by Kaleo have stirred excitement among Ethereum and Solana investors. Volatility and corrections in the crypto market are crucial factors that can influence investment decisions. Therefore, it is advised that investors remain vigilant and closely track market movements.
In summary, Kaleo’s predictions for Ethereum and Solana suggest significant movements in the crypto market in the coming period. However, individual investors should not overlook the importance of personal risk assessment.
