A closely followed crypto strategist believes Ethereum (ETH) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago.

Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum’s market structure on the three-day chart looks very similar to its early 2020 price action.

Five years ago, ETH traded between $100 and $200 before the Covid-induced panic ignited a crash to around $86. The downside deviation subsequently triggered a massive rally that sent Ethereum to its all-time high of $4,868.

Says Inmortal,

“History rhymes, sometimes.”

Looking closer at ETH, Inmortal predicts that Ethereum will continue to consolidate at current levels before sparking surges to $3,800 next month.

“Remember who you are, ETH.” 

At time of writing, ETH is trading for $2,479.

Turning to Ethereum rival Solana, the trader thinks that SOL will take a breather in the coming weeks before launching a rally to a new record high of $320 in July.

“$180 is the line on the sand, but it won’t take long to get through it.

After that, $320.” 

At time of writing, SOL is trading for $165.

Inmortal is also outlining Bitcoin’s (BTC) potential path to a new all-time high.

“$102,000 [to] $96,000 [to] $120,000”

At time of writing, Bitcoin is trading for $103,244.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post ‘History Rhymes’ – Analyst Sees Ethereum Sparking 2020-Style Rallies, Outlines Path to New All-Time High for Solana appeared first on The Daily Hodl.

A closely followed crypto strategist believes Ethereum (ETH) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago.

Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum’s market structure on the three-day chart looks very similar to its early 2020 price action.

Five years ago, ETH traded between $100 and $200 before the Covid-induced panic ignited a crash to around $86. The downside deviation subsequently triggered a massive rally that sent Ethereum to its all-time high of $4,868.

Says Inmortal,

“History rhymes, sometimes.”

Looking closer at ETH, Inmortal predicts that Ethereum will continue to consolidate at current levels before sparking surges to $3,800 next month.

“Remember who you are, ETH.” 

At time of writing, ETH is trading for $2,479.

Turning to Ethereum rival Solana, the trader thinks that SOL will take a breather in the coming weeks before launching a rally to a new record high of $320 in July.

“$180 is the line on the sand, but it won’t take long to get through it.

After that, $320.” 

At time of writing, SOL is trading for $165.

Inmortal is also outlining Bitcoin’s (BTC) potential path to a new all-time high.

“$102,000 [to] $96,000 [to] $120,000”

At time of writing, Bitcoin is trading for $103,244.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post ‘History Rhymes’ – Analyst Sees Ethereum Sparking 2020-Style Rallies, Outlines Path to New All-Time High for Solana appeared first on The Daily Hodl.