A widely followed crypto analyst says Ethereum (ETH) could rise from $4,000 to $5,000 in a move that takes a matter of days.
Pseudonymous crypto trader Inmortal tells With his 220,900 followers on the social media platform
“It took 27 days to go from $3,000 to $4,000. It only takes a few days to go from $4,000 to $5,000. ETH.”
Looking at the merchant’s card, Inmortal expected Ethereum is about to break the $4,800 barrier.
Ethereum is trading at $4,014 at the time of writing, down about 18% from the all-time high of $4,848 it reached in November 2021.
The strategist continues remark that Ethereum appears to have pushed a cycle bottom in its Bitcoin pair (ETH/BTC) after reaching a support level following a prolonged downtrend.
“Imagine being bearish after 1,300 days of downtrend. The same people who hate ETH now [are the] the same people who hated [Solana] in 2022. Just my opinion.”
ETH/BTC yes valued at 0.03996 BTC ($4,003) at the time of writing.
We move on to the crypto king Inmortal say that Bitcoin should maintain upward momentum despite a dip after hitting the $100,000 mark for the first time last week.
“6,000 dollar fuse. That was your dip.’
Bitcoin is trading at $100,223 at the time of writing.
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Generated image: DALLE3