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Home»ALTCOIN NEWS»Ethereum Rival, Exploding Over 900% Year-to-date, Is Ready to Go Higher, Predicts Top Trader – Here’s His Goal
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Ethereum Rival, Exploding Over 900% Year-to-date, Is Ready to Go Higher, Predicts Top Trader – Here’s His Goal

By Crypto FlexsDecember 29, 20232 Mins Read
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Ethereum Rival, Exploding Over 900% Year-to-date, Is Ready to Go Higher, Predicts Top Trader – Here’s His Goal
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A top cryptocurrency strategist says one Ethereum (ETH) rival may be setting the stage for another explosive rally.

pseudonym trader Bluntz says 233,800 followers on social media platform

Bluntz utilizes Elliott Wave theory in technical analysis. This theory attempts to predict future price movements by following herd psychology, which tends to appear in waves. The theory is that bullish assets tend to witness ABC correction waves before igniting the next uptrend.

“It’s great to see SOL’s obituary in TL (X Timeline). I’d love to see 20 million hedge tweets from people somewhere vaguely hinting when SOL Turbo reverses to $140.”

Source: Bluntz/X

Solana is trading at $104.42 at the time of this writing, after starting the year trading below $10.

Traders remained bullish on Solana as SOL began to fall from recent highs near $124. With SOL reverting to the $113 level, traders predicted that SOL would eventually move to new local highs. However, it later temporarily fell below $100.

“There was a small 12% drop in SOL in a monster uptrend with a few more legs to go (in my opinion) for the BTC pair and the USD pair. “Don’t buck the trend.”

video
Source: Bluntz/X

merchant island proposal ETH Layer 2 scaling solution Arbitrum (ARB) is set to take off soon after the ABC corrective wave.

“ARB looks really cool here. In fact, many charts are like that now. We are truly back.”

video
Source: Bluntz/X

Arbitrum is trading at $1.44 at the time of writing, down 10.5% in the last 24 hours.

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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 that you are responsible for any losses that may occur. 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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