One of the most respected crypto analysts believes that Ethereum is a good investment.ETH( and its competitor are preparing for large recovery rallies.
Kaleo, a pseudonymous cryptocurrency trader tells His 645.400 followers on social media platform X were informed by the crypto-currency’s founder that Ethereum was likely to soar in double digits soon after breaking through a descending tendencyline and testing $2,100.
“High $2,100s / low $2,200s then bounce.”
According to his chart, ETH is expected to reach a value of $4,000 or more within 3-6 months. That’s a gain of 64% over the current rate.
Ethereum trades at $2,440 as of the time this article was written, down almost 3% from its previous 24 hour high.
Following the analyst, says that Solana (SOL() is likely to reach its previous high of the year after it caught demand around $120.
“Nearly there.”
A trader’s perspective, zoomed out suggests Solana may increase in value by up to 186% before the end the year.
Solana currently trades for $129, which is down 2.6% over the past 24 hours.
Last but not least, there is the analyst says He is also bullish about another Ethereum competitor, layer-1 Blockchain Avalanche.AVAX).
He believes that AVAX will reach $45 in a few months. This would be a rise of over 108% from its current price.
“Dip started as expected… Still looking to fill low $20s again prior to full send.”
AVAX has fallen 2.3% to $21.62 in 24 hours.
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Source: dailyhodl.com
