Crypto Analyst Inmortal Predicts Ethereum (ETH) Will Rally 75% to $4,100, Targets Solana (SOL) and Floki (FLOKI)-web3.0-php.cn

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Crypto Analyst Inmortal Predicts Ethereum (ETH) Will Rally 75% to $4,100, Targets Solana (SOL) and Floki (FLOKI)

Linda Hamilton

Oct 23, 2024 am 09:00 AM

ethereum Solana Massive Surge Upside Burst

A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies.

Crypto Analyst Inmortal Predicts Ethereum (ETH) Will Rally 75% to ,100, Targets Solana (SOL) and Floki (FLOKI)

A closely followed crypto strategist is sharing his outlook on Ethereum (ETH), Solana (SOL) and meme coin Floki (FLOKI), suggesting that each asset is poised for significant price rallies.

The pseudonymous analyst, known as Immortal, shares a chart with his 217,500 followers on the social media platform X, indicating that ETH is setting up for one last dip before a 75% surge to his target of $4,100.

“Call me crazy, but I think ETH is a good SPOT trade here.

Slower than SOL, but safer.”

Zooming in on Ethereum’s price action, Immortal notes that ETH has already broken out of its horizontal resistance on the lower time frame.

“ETH showing the way.

Classic consolidation below resistance higher lows.”

At time of writing, Ethereum is trading for $2,668.

Next, the crypto strategist is looking at Ethereum challenger Solana (SOL). Immortal shares a chart suggesting that SOL is mirroring its 2021 price action when it saw a lengthy consolidation period before a massive eruption.

“SOL.”

In 2021, SOL consolidated for months below $60 before breaking out and rallying to its all-time high of $259. At time of writing, SOL is priced at $166.

The analyst is also keeping an eye on the price action of meme token Floki (FLOKI). According to Immortal, FLOKI is displaying multiple bullish higher-low setups, indicating that the memecoin is gearing up for a breakout.

“It’s all right. We have the mountain now.

Consolidation below resistance higher lows? This will end soon.

FLOKI go brrrr season.”

Based on the trader’s chart, he appears to be anticipating a move for FLOKI to reach $0.00021. At time of writing, FLOKI is priced at $0.000151.

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