dailyhodl.com
A popular crypto analyst thinks that Ethereum ($ETH) is on the verge of printing a massive breakout rally also known as a god candle.
Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum’s two-hour chart looks similar to Bitcoin’s ($BTC) price action over the last two weeks.
The analyst says that while Ethereum struggles to clear resistance at $4,000, he notes that $BTC also had trouble breaching $100,000 for weeks before surging to new all-time highs.
“Same price action, but with one difference.
God candle after the breakout.
$ETH.”
Based on the trader’s chart, he seems to predict that $ETH will surge close to its all-time high of $4,800 after the breakout. At time of writing, $ETH is worth $3,892.
The trader also has his radar locked on the memecoin Floki ($FLOKI). According to the trader, $FLOKI appears to be trading in a symmetrical triangle pattern and is gearing up to shatter the structure’s diagonal resistance en route to new record highs.
“Second leg up – loading.
New ATH – loading.
Price discovery – loading.
$FLOKI.”
Based on the trader’s chart, he seems to predict that $FLOKI will explode to a new all-time high of $0.00038. At time of writing, $FLOKI is worth $0.000219.
Looking at Solana ($SOL), the trader sees the Ethereum rival bursting above its diagonal resistance to rally toward $300.
“Something like this.
$SOL.”
At time of writing, $SOL is worth $222.60.
Generated Image: Midjourney