Home Altcoin Analyst Predicts Imminent Record High for Ethereum, Says One Red-Hot Altcoin Looks ‘Absolutely Insane’

Analyst Predicts Imminent Record High for Ethereum, Says One Red-Hot Altcoin Looks ‘Absolutely Insane’

4 min read
Comments Off on Analyst Predicts Imminent Record High for Ethereum, Says One Red-Hot Altcoin Looks ‘Absolutely Insane’

A preferred crypto strategist and dealer predicts Ethereum will print a brand new all-time excessive within the brief time period and that one explosive altcoin will seemingly proceed its bullish pattern.

The pseudonymous crypto analyst Kaleo tells his 411,000 Twitter followers that main good contract platform Ethereum (ETH) is gearing as much as take out its final line of resistance in an effort to file a contemporary all-time excessive.


“ETH/Ethereum. $5,000+ prior to you assume.”

Supply: Kaleo/Twitter

Taking a look at Ethereum in opposition to Bitcoin (ETH/BTC), Kaleo says the pair appears bullish regardless of Bitcoin’s (BTC) resilience.

“Not going to lie, man, alts are responding approach higher than I anticipated to Bitcoin>$60,000. Nonetheless up within the air for what’ll occur when it’s again in worth discovery, however for now – this ETH/BTC chart appears strong.”

Supply: Kaleo/Twitter

As for good contract platform Solana (SOL), the crypto analyst is anticipating the red-hot altcoin to proceed its rally above $300 ought to it breach its quick resistance round $200.

“The theme of this bull run has been ‘Don’t fade Sam.’ Actually doesn’t appear to be that’s going to vary any time quickly.”

Supply: Kaleo/Twitter

Kaleo is referring to Sam Bankman-Fried, the CEO of crypto derivatives change FTX, who tweeted in January that he was keen to purchase all of a crypto dealer’s positions in Solana again when SOL was buying and selling round $3.

The crypto strategist can also be maintaining a detailed watch on Solana in opposition to Bitcoin (SOL/BTC), which he says is flashing indicators of energy after bouncing from its diagonal assist and taking out its downtrend resistance on the decrease timeframe.

“The SOL/BTC chart is completely insane.”

Supply: Kaleo/Twitter

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses it’s possible you’ll incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please notice that The Each day Hodl participates in internet online affiliate marketing.

Featured Picture: Shutterstock/Tithi Luadthong

Source link

Comments are closed.

Check Also

Bitcoin, ether, dogecoin, other crypto prices continue to fall after weekend sell-off

Cryptocurrency costs right now plunged with Bitcoin buying and selling beneath the $49,000…