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Crypto analyst Kaleo, closely watched by investors, expects Ethereum (ETH) to make a rise of up to $2,100. Furthermore, the analyst highlighted the potential for significant increases in three altcoins built on the Ethereum Blockchain. Here are the altcoins on the analyst’s list.
The Real Fun Begins with the Breakthrough of $1,900 in ETH
Anonymous crypto analyst Kaleo drew attention to the fact that the altcoin king Ethereum is about to break the $1,900 cross resistance level on his personal X (formerly known as Twitter) account. According to the price chart shared by the analyst, Ethereum can make a rise of up to $2,100 after this breakthrough.
For the expected rise in ETH, the analyst said, “Considering it is a rise season where falling resistance trend lines are broken, the real fun for ETH will begin with the breakthrough of $1,900.”
The largest altcoin ETH is currently trading at $1,896 with a 0.45% increase in the last 24 hours.
Other Altcoins on the Analyst’s Watchlist
Kaleo also drew attention to Ethereum scaling solution Arbitrum (ARB). The analyst said that ARB has broken an important falling resistance trend line and has already turned it into support, and it could rise up to $1.30:
ARB seems ready to rise to new highs after breaking and retesting a high time frame resistance. I expect it to go to the breakout level from mid-August (around $1.15) and move towards $1.30, which is the highest level in July.
Following ARB, the analyst mentioned Layer 2 network and Arbitrum competitor Optimism (OP). The analyst stated that OP has shown strength in breaking several months of falling resistance trend lines and appears ready to move towards the August highs around $2.
Lastly, Kaleo drew attention to the service token of Ethereum-based NFT marketplace Blur, BLUR. The analyst shared a chart indicating that BLUR is in an upward trend after breaking the falling resistance trend line and added the note “it seems ready to climb towards $0.50.”
