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Home»ALTCOIN NEWS»According to Crypto Trader, a massive recovery is coming for Ethereum (ETH) and Solana (SOL).
ALTCOIN NEWS

According to Crypto Trader, a massive recovery is coming for Ethereum (ETH) and Solana (SOL).

By Crypto FlexsSeptember 3, 20242 Mins Read
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According to Crypto Trader, a massive recovery is coming for Ethereum (ETH) and Solana (SOL).
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A widely known cryptocurrency analyst believes that Ethereum (ETH) and one of its competitors are gearing up for a major recovery rally.

Anonymous cryptocurrency trader Kaleo told his 645,400 followers on social media platform X that Ethereum could soon surge into double digits after testing the $2,100 level and breaking out of a downtrend line.

“Late $2,100/early $2,200, then rebound.”

Source: Kaleo/X

Looking at the charts, this trader predicts that ETH could hit $4,000 within a few months, which would represent an increase of over 64% from the current price.

At the time of writing, Ethereum is trading at $2,440, down about 3% over the last 24 hours.

The analyst then said Solana (SOL) could reach its yearly high again after capturing demand near the $120 level.

“We’re almost there.”

video
Source: Kaleo/X

Looking further ahead, the trader suggests Solana could rally more than 186% from its current value, reaching $370 before the end of the year.

video
Source: Kaleo/X

At the time of writing, Solana is priced at $129, down 2.6% over the last 24 hours.

Finally, the analyst also said he would be bullish on Avalanche (AVAX), another Ethereum competitor and layer 1 blockchain.

He predicts that AVAX could soar to $45 within a few months, which would represent an increase of over 108% from its current value.

“As expected, the decline has started… Still trying to fill the low $20s before full transfer.”

video
Source: Kaleo/X

At the time of writing, AVAX is trading at $21.62, down 2.3% over the last 24 hours.

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/vectorpouch/Vladimir Sazonov

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