Crypto Strategist Inmortal Believes Ethereum (ETH) Is Primed for a Parabolic Surge by the End of the Year

Pseudonymous analyst Inmortal tells his 214,800 followers on the social media platform X that Ethereum will probably consolidate between $4,000 and $2

A closely followed crypto strategist is anticipating the current market correction to set up Ethereum (ETH) for a parabolic surge by the end of the year.

Pseudonymous analyst Immortal tells his 214,800 followers on social media platform X that Ethereum is likely to consolidate between $4,000 and $2,800 in the coming months.

The trader shares a chart suggesting that Ethereum will undergo a year-long parabolic rally starting in October that will eventually carry ETH to a new all-time high at around $8,000.

“Get this.

ETH.”

At time of writing, Ethereum is trading at $2,903, down over 4% on the day.

Ethereum competitor Solana (SOL), according to Inmortal, is at risk of seeing significantly lower prices unless it can rally past $160 to form a bullish higher high structure.

“Bulls defending $120 level, taking no prisoners. Don’t want to see the bouncing ball structure forming. Next higher low will be crucial.”

At time of writing, SOL is trading at $130, down over 8% on the day.

As for the meme token Floki (FLOKI), the trader believes that the altcoin is displaying a bullish setup similar to its April 2024 price action when it briefly traded below support at $0.00016 before rallying.

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“FLOKI about to print the famous deviation + retest structure.”

At time of writing, FLOKI is trading at $0.000135, down over 10% in the past 24 hours.

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