dailyhodl.com
A widely followed analyst predicts that Ethereum ($ETH) will see rallies to the tune of 125% from current levels during this crypto bull market.
The anonymous host of InvestAnswers tells his 494,000 YouTube subscribers that he’s using the layer-in, layer-out model to determine potential price targets for the native asset of the leading smart contract platform.
The layer-in, layer-out model is based on various factors such as trend analysis, volatility and market behavior.
Says the host of InvestAnswers,
“I do believe it [Ethereum] could run quite a bit. And per our layer model, it could reach $8,000. But I do believe if you have a position, start thinking about layering out to faster horses.”
But while the anonymous analyst is predicting new all-time highs for Ethereum, he says that $ETH only accounts for 0.6% of his portfolio as he thinks other crypto assets will outperform the second-largest crypto asset. One altcoin on his mind is the Ethereum rival Solana ($SOL).
“$ETH is being eaten alive by Solana. This is the performance over the last year. Solana has beaten $ETH by nearly 400%. And $ETH has been on a rampage, okay.
$ETH went from $1,300 to $4,000… but still Solana has smoked it.”
At time of writing, Ethereum is trading for $3,385 while $SOL is worth $187.57.
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