A cryptocurrency strategist and trader is offering his predictions for the digital asset market for the first few months of the year, including his first quarter outlook for Ethereum (ETH).
The analyst, who goes by the pseudonym Inmortal, told his 222,400 followers on social media platform X that he believes Ethereum is poised for a rebound this quarter.
Traders believe that ETH will soon follow in the footsteps of Q1 2024 price action.
“ETH will have a good first quarter.”’
Looking at the trader’s chart, he seems to be predicting that ETH will hit an all-time high of $5,300 by March. As of this writing, ETH is worth $3,646.
He also believes that older altcoins and artificial intelligence (AI)-focused projects will spark an upward trend in the next three months.
“In the first quarter:
1. ETH is superior.
2. SOL go +$300
3. AI Coin Mega Pump
4. Memes are underperforming
5. DinoCoin is performing well.”
The analyst believes that memecoins will not see a major rebound in the first quarter of this year, but Floki (FLOKI) will be an exception.
“We have high confidence in the Memecoin leader.
Floki.”
According to the trader’s chart, he appears to be implying that FLOKI is mirroring the behavior of Pepe (PEPE) with its price movement from late 2023 to early 2024, when the Ethereum-based memecoin went parabolic after months of sideways movement. . Traders seem to be predicting that FLOKI will hit a new all-time high of $0.0005 before the end of the first quarter.
As of this writing, FLOKI is trading at $0.00019.
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