Back to the list

‘This Time for Real’ – Trader Predicts Ethereum Rally, Updates Forecast on Two Low-Cap Altcoins

source-logo  dailyhodl.com 22 April 2024 09:33, UTC

A closely followed crypto trader says Ethereum (ETH) is gearing up for a rally, and that he’s bullish on two other altcoin projects.

Pseudonymous analyst Inmortal tells his 212,000 followers on the social media platform X that ETH is setting up for its “real” rally after bouncing off support near $2,900.

“This time for real.


Source: Inmortal/X

Looking at the trader’s chart, he seems to predict that Ethereum is almost ready to rally toward his target at around $3,600.

At time of writing, Ethereum is trading at $3,226.

The analyst is also bullish on Seedify.Fund (SFUND), an incubator and launchpad specializing in blockchain gaming.


> Double bottom
> -50% dip into support

Last time we dipped into this zone price bounced +100%


Source: Inmortal/X

Inmortal also says once SFUND breaches the $3 level, that’s when the “magic” will happen. At time of writing, SFUND is trading for $3.12 at a $197.841 million market cap.

The trader also has his radar locked on Radix (XRD), a decentralized finance (DeFi) focused layer-1 blockchain project.

According to Inmortal, XRD has gone through more than 500 days of accumulation, implying that a breakout of the range to the upside is overdue.

Says the trader,

“Retesting a +500 days accumulation

Just bought some.”

Source: Inmortal/X

At time of writing, XRD is worth $0.055, still more than 91% down from its all-time high of $0.6513.

Generated Image: Midjourney