Popular crypto analyst Inmortal pointed out that Ethereum (ETH) $3,699 is at a critical juncture. He stated to his followers on social media platform X that Ethereum’s price chart displays a resemblance to Bitcoin’s movements over the past two weeks. Inmortal emphasized that this trend signals a major breakout rally for ETH.
Ethereum Approaches $4,000 Resistance
Inmortal noted that Ethereum struggles to surpass the $4,000 resistance level. He reminded followers that Bitcoin $102,242 experienced a similar scenario in the past, where it tested the $100,000 threshold before reaching its historical peak. He remarked, “The same price action, but with one difference. The breakout post is the ‘God Candle’ for ETH.” This prediction has generated significant excitement among traders.
According to the analyst, if Ethereum initiates movement above the $4,000 mark, it could trigger price discovery and new highs. This scenario may strengthen a substantial bullish trend within the cryptocurrency market.
Expectations for New Peaks in Floki and Solana
Inmortal also pointed out that the memecoin Floki (FLOKI) is trading within a symmetrical triangle formation. He stated that Floki’s current structure is preparing to break its diagonal resistance and reach new peaks. He declared, “The second wave is loading. A new peak is loading. Price discovery is loading for FLOKI.” This forecast has resonated positively with the Floki community.
For Solana $210 (SOL), the analyst expressed an expectation for the price to rise above diagonal resistance and approach $300. He highlighted Solana’s bullish potential, saying, “Something like this for SOL.” A rise to $300 for Solana could support rallies for major cryptocurrencies like Ethereum and Bitcoin.
Currently, Ethereum is trading at $3,892, Floki at $0.000219, and Solana at $222.60. The analyst predicts that if the anticipated movements in Ethereum, Floki, and Solana occur, there could be an overall upward trend in the cryptocurrency market.
The analyst’s statements are closely monitored in the market. Traders are keeping a watchful eye on the potential breaking of identified resistance levels. These developments could lead to significant price volatility in the markets.