Analyst Predicts 75% Upside Burst for Ethereum, Sees Solana Repeating Massive 2021 Surge

A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies.

Pseudonymous analyst Inmortal shares a chart with his 217,500 followers on the social media platform X suggesting that Ethereum will see one final dip before sparking a 75% surge to his target of $4,100.

“Call me crazy, but I think ETH is a good SPOT trade here.

Slower than SOL, but safer.”

Source: Inmortal/X

Zooming in on Ethereum, Inmortal notes that ETH has already broken out of its horizontal resistance on the low time frame.

“ETH showing the way.

Classic consolidation below resistance + higher lows.”

Source: Inmortal/X

At time of writing, Ethereum is trading for $2,668.

Turning to Ethereum challenger Solana, Inmortal shares a chart suggesting that SOL is mirroring its 2021 price action when it witnessed a lengthy consolidation period before a massive eruption.

“SOL.”

Source: Inmortal/X

In 2021, SOL consolidated for months below $60 before breaking out and rallying to its all-time high of $259. At time of writing, SOL is worth $166.

The analyst is also tracking the price action of the meme token Floki (FLOKI). According to Inmortal, FLOKI is flashing multiple bullish higher-low setups indicating that the memecoin is preparing for a breakout.

“It’s all right. We have the mountain now.

Consolidation below resistance + higher lows? This will end soon.

FLOKI go brrrr season.”

Source: Inmortal/X

Based on the trader’s chart, he seems to predict that FLOKI will jump to $0.00021. At time of writing, FLOKI is trading at $0.000151.

Generated Image: Midjourney

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