Renowned analyst Inmortal forecasts new record levels for Ethereum (ETH) 
$3,400 and Solana 
$194 (SOL). Addressing his 217,500 followers on the social media platform X, Inmortal shared key insights about the upcoming movements of these two cryptocurrencies. The analyst also painted an optimistic picture for the meme token Floki (FLOKI).
Is Ethereum’s New Peak Coming Soon?
Inmortal noted that Ethereum has established strong support below the $2,800 level. According to him, this situation creates a suitable foundation for Ethereum to enter a new upward trend. Currently trading at $3,113, Ethereum is valued 36% lower than its peak. Inmortal expressed his belief that after a brief consolidation period, Ethereum will reach a new high, stating, “Simple structure, simple trade, simple life.”
The strong base indicated by Ethereum’s technical indicators presents a promising picture for traders. The analyst emphasized that these indicators enhancing positive trends further increase Ethereum’s potential.
Positive Signals for Solana and Floki
Inmortal also highlighted Solana’s (SOL) recent performance. He pointed out that SOL has broken through its symmetrical triangle formation and is on the rise towards a new peak. Currently trading at $235, Solana is only 9% below its all-time high. The analyst expressed his optimism by saying, “Send Solana to a new record level.”
Sharing positive insights about meme token Floki (FLOKI), Inmortal predicted it would reach the $0.00035 target after breaking the $0.00024 resistance. Currently priced at $0.000256, FLOKI is expected to maintain this upward momentum. The analyst noted Floki’s recent performance, stating, “Floki is a potential strong player in this market.”
While Inmortal’s predictions excite traders, caution is necessary due to the high volatility of the crypto markets. The fast-changing nature of the markets carries risks that can impact investment decisions. Therefore, investors are advised to closely monitor developments and shape their strategies accordingly.
Such forecasts in the crypto market can serve as a guide for planning future movements. However, it is essential to remember that market conditions can change suddenly. Prior to investing, conducting thorough research and individual risk assessment is crucial.
