One prominent cryptocurrency analyst believes that Ethereum (ETH) is on the verge of printing a massive breakout rally, also known as a God Candle.
Ethereum’s two-hour chart looks similar to Bitcoin (BTC) price action over the past two weeks, pseudonymous analyst Inmortal told his 221,100 followers on social media platform
Analysts say that while Ethereum struggled to clear resistance at $4,000, BTC also struggled to break above $100,000 for several weeks before surging to a new all-time high.
“Same price action, but with one difference.
God’s candle after the breakout.
ETH.”
Based on the trader charts, he seems to be predicting that ETH will surge close to its all-time high of $4,800 after the breakout. As of this writing, ETH is worth $3,892.
Traders also have their radar fixed on the memecoin Floki (FLOKI). According to traders, FLOKI appears to be trading in a symmetrical triangle pattern and is preparing to break the structure’s diagonal resistance en route to hitting a new record.
“Over the second bridge – loading.
New ATH – Loading.
Find Price – Loading.
Floki.”
Based on the trader charts, he seems to be predicting that FLOKI will explode to a new all-time high of $0.00038. As of this writing, FLOKI is worth $0.000219.
When traders look at Solana (SOL), they see the Ethereum rival crossing diagonal resistance and rebounding towards $300.
“Something like this.
brush.”
As of this writing, SOL is worth $222.60.
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