The popular crypto analyst believes that Ethereum will (ETHIt’s time for the biggest competitor to take off and shine.
Inmortal, a pseudonymous trader on social media platform X tells 213,900 of his followers that Ethereum is going to rally. This will leave many traders out.
An initial target is set at $4,000 and a chart suggests that ETH’s support level was around $2,800.
“The ETH season is just about to commence.
“Fueled by doubt, just like the rest of the time.”
Ethereum was trading at $3,107 as of the time this article is written.
Analyst also has an eye on Ethereum’s rival SolanaSOL). Inmortal says that Solana’s market cycle so far is similar to Ethereum’s in 2021. And if SOL continues to grow, the price could rise well beyond $360 later this year.
“ETH 2021 vs SOL 2024”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/1716218328_322_Crypto-Analyst-Predicts-Ethereum-Season-Says-Solana-Following-in-Footsteps.jpeg)
SOL currently trades at $177.54.
Bitcoin: A Look at the Currency (BTCInmortal states that crypto-king Bitcoin is in the range of $74,000 – $56,000. The trader believes that if BTC can hold the $66,000 mark, it is likely to continue its upward trend.
BTC Key levels.
Prices rejected after first resistance level (mid-range).
> IF price manages to reclaim mid-range, THEN range high ($74,000) is on the table.
> Below blue box = bad
“It’s very simple.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Crypto-Analyst-Predicts-Ethereum-Season-Says-Solana-Following-in-Footsteps.png)
BTC’s current price is $67.024, which is slightly more than Inmortal’s average.
Don’t Miss a Beat – Subscribe Receive email alerts directly in your mailbox
Check out the latest news and updates on our website. Price Action
Please follow us X, Facebook The following are some examples of how to get started: Telegram
You can surf to your heart’s content The Daily Hodl Mix
 
![](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/Two-Crypto-Projects-Will-Likely-Outperform-the-Market-This-Coming.png)
Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Before investing in Bitcoin or other digital assets, investors should perform their own due diligence. You are responsible for all transfers and trading. own Risk is yours, as are any losses. The Daily Hodl is not an investment adviser and does neither recommend buying or selling cryptocurrencies or other digital assets. The Daily Hodl engages in affiliate marketing.
Midjourney: Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com