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Home»ALTCOIN NEWS»Crypto analyst predicts Ethereum season and says Solana follows ETH’s 2021 market cycle.
ALTCOIN NEWS

Crypto analyst predicts Ethereum season and says Solana follows ETH’s 2021 market cycle.

By Crypto FlexsMay 20, 20242 Mins Read
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Crypto analyst predicts Ethereum season and says Solana follows ETH’s 2021 market cycle.
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A prominent cryptocurrency analyst says that now is Ethereum (ETH)’s time to shine and that its biggest competitor will go parabolic.

Household name trader Inmortal told his 213,900 followers on social media platform

The analyst suggests an initial target of around $4,000, with charts suggesting ETH has found support around the $2,800 level.

“ETH season is starting soon.

As in all other cases, distrust was triggered.”

Source: Immortal/X

As of this writing, Ethereum is trading at $3,107.

Analysts are also keeping an eye on Ethereum rival Solana (SOL). According to Inmortal, Solana has been similar to Ethereum’s 2021 market cycle so far, and could trade well above $360 later this year if SOL continues.

“ETH 2021 vs SOL 2024”

video
Source: Immortal/X

SOL is trading at $177.54 at the time of this writing.

Looking at Bitcoin (BTC), Inmortal says the cryptocurrency king is currently sitting between $74,000 and $56,000. If BTC holds firm at the $66,000 level, traders say it could see another rally to all-time highs.

“BTC KEY level.

Price rejected at the first resistance level (middle range)

> THEN range high ($74,000) is on the table if price regains mid-range.
> Below the blue box = Bad

“It’s very simple.”

video
Source: Immortal/X

As of this writing, BTC is trading at $67,024, slightly above Inmortal’s median price range.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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