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Home»ALTCOIN NEWS»According to the cryptocurrency strategist, his targets for a rally between Ethereum and its rival ETH are:
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According to the cryptocurrency strategist, his targets for a rally between Ethereum and its rival ETH are:

By Crypto FlexsMarch 12, 20242 Mins Read
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According to the cryptocurrency strategist, his targets for a rally between Ethereum and its rival ETH are:
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One closely watched cryptocurrency analyst believes a rally is in store for the two leading smart contract platforms, including Ethereum (ETH).

Pseudonymous analyst Loma told his 301,200 followers on social media platform X that he thinks Ethereum will continue its slow growth.

The cryptocurrency strategist shares a chart that suggests ETH will eventually recover to its all-time highs around $4,871.

“You can get a steady trail stop in the $3,200 region. The price could close below $3,200 in a meaningful period and perhaps even reach a high.

Until then, it’s just a game of patience. Slow is smooth. “Smooth is faster.”

source: Rome/X

At the time of writing, ETH is trading at $3,963, down about 1.33% in the last 24 hours.

Analysts are also keeping an eye on ETH’s rival, Solana (SOL). Loma is bullish on Solana and said the decline is an opportunity to accumulate SOL.

“I think any consolidation that forms in the lower $140s (or mid-$130s) is good for compounding.

“It’s $200 or the market is wrong.”

video
source: Rome/X

As of this writing, SOL’s value is $143.52, down more than 2% over the past day.

Regarding the broader cryptocurrency market, Loma believes the digital asset may go through a period of consolidation before witnessing its next phase.

“Is there a sideways cooling-off period of a month where people fall apart instead of slowly building their positions?”

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