A widely followed crypto strategist believes a sharp recovery is in store for Ethereum (ETH) and its rival Solana (SOL).
Starting with the best smart contract protocol, pseudonymous analyst Kaleo tells his 647,300 followers on social media platform X that his bearish scenario for Ethereum is no longer valid.
The trader shares a chart indicating that ETH has already pushed a local bottom and is now gearing up for major rallies.
“The yellow line is cursed.
The white line in this thread is goat and will remain so.
Feed it back.”
Looking at the trader’s chart, he seems to predict that Ethereum will rise to $4,400. At the time of writing, ETH is trading for $2,383.
As for Solana, Kaleo shares a chart indicating that SOL is now heading for a new all-time high after holding support at $120.
“The white lines were and have always been the path. Feed it back.”
Based on the trader’s chart, he seems to predict that SOL will rise to a new all-time high around $400. At the time of writing, SOL is worth $135.63.
Kaleo too say that the fourth quarter will be incredibly bullish for crypto, after witnessing an extended correction period over the past six months.
‘Uptober is lit. Upvember will be even better.”
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Generated image: Midjourney