A renowned crypto expert predicts that Ethereum (ETH) will experience a significant surge towards the end of the year, following the current market correction.
Operating under the pseudonym Inmortal, the analyst informs his substantial following of 214,800 individuals on the social media platform X that Ethereum is likely to consolidate within the price range of $4,000 and $2,800 in the upcoming months.
To support his assertion, the trader shares a chart that suggests Ethereum will embark on a parabolic rally lasting an entire year, commencing in October. This rally is expected to propel ETH to a new all-time high of approximately $8,000.
“Seize this opportunity.
ETH.”


Source:
Inmortal/X
At the time of writing, Ethereum is valued at $2,903, reflecting a decline of more than 4% within the day.
Inmortal also comments on the performance of Ethereum’s competitor, Solana (SOL). He believes that unless SOL manages to surpass the $160 mark and establish a bullish higher high structure, the popular altcoin is at risk of experiencing significant price drops.
“Bulls are fiercely defending the $120 level, leaving no room for mercy. I am opposed to the development of the bouncing ball structure. Achieving a higher high is crucial.”


Source:
Inmortal/X
At the time of writing, SOL is being traded at $130, indicating a decrease of over 8% within the day.
The trader also provides insight into the meme token Floki (FLOKI), stating that it exhibits a bullish pattern reminiscent of its price action in April 2024. During that period, FLOKI briefly traded below the support level of $0.00016 before experiencing a rally.
“FLOKI is on the verge of forming the renowned deviation + retest structure.”


Source:
Inmortal/X
At the time of writing, FLOKI is valued at $0.000135, reflecting a decrease of more than 10% in the past day.
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