The Ethereum blockchain (ETH() has the potential to start parabolic price rallies that mirror its previous bullish trend.
Inmortal, a pseudonymous analyst on social media platform X tells his 232.300 followers that the market structure of Ethereum on its three-day chart is very similar to the price movement in early 2020.
In five years, ETH was trading between $100-200 before panic caused by Covid triggered a drop to $86. This downward deviation then sparked a huge rally, which sent Ethereum up to $4 868.
Says Inmortal,
“History rhymes, sometimes.”
Looking closer at ETH, Inmortal predicts Ethereum’s price will consolidate and remain at its current level until next month, when it surges up to $3800.
“Remember who you are, ETH.”
At the moment of writing, ETH currently trades at $2,479.
The trader turns to Ethereum’s rival Solana thinks The following are some examples of how to use SOL The market will rest in the weeks ahead before it launches a new rally in July to reach a new high record of $320.
It won’t be long before you get to the 180 dollars.
“After that, you’ll get $320.”
SOL trades at $165 as of the time this article was written.
The Inmortal also includes the immortal outlining Bitcoin’s (BTCThe potential for a new record high.
“$102,000 [to] $96,000 [to] $120,000”
Bitcoin has a current value of $103,244.
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Source: dailyhodl.com
