A closerly followed crypto strategist believes that Ethereum (ETH) is able to launch parabolic rallies and reflect his bullish price promotion five years ago.
Pseudonym in-Mortal tells his 232,300 followers on the social media platform X that the market structure of Ethereum on the three-day graph is very similar to the price action in the beginning of 2020.
Five years ago ETH traded between $ 100 and $ 200 before the panic induced by Covid ignited a crash to around $ 86. The downward deviation then led to a massive rally that sent Ethereum to its highest peak of $ 4,868.
Out Onmortal,
“History sometimes rhymes.”
Looking at Eth, Onmortaal to predict That Ethereum will continue to consolidate at the current level before he will cause the rise of the following month to $ 3,800.
“Remember who you are, Eth.”
At the time of writing, ETH acts for $ 2,479.
Turn to Ethereum -Rivaal Solana, the trader thinks That SOL will take a breathing break in the coming weeks before launching a rally in July to a new record high of $ 320.
“$ 180 is the line on the sand, but it doesn’t take long to get through.
Then, $ 320. ”
At the time of writing, Sol acts for $ 165.
Intermortal is also sketch The potential path from Bitcoin (BTC) to a new of all time.
“$ 102,000 [to] $ 96,000 [to] $ 120,000 “
At the time of writing, Bitcoin acts for $ 103,244.
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Generated image: midjourney