Ethereum Could Break $5,000 ‘In a Few Days,’ Says Crypto Trader – Here’s His Outlook

A widely followed crypto analyst says that Ethereum (ETH) could go from $4,000 to $5,000 in a move that takes a matter of days.

Pseudonymous crypto trader Inmortal tells his 220,900 followers on the social media platform X that he expects the top smart contract platform to hit new all-time highs with haste.

“It took 27 days to go from $3,000 to $4,000. It will take only a few days to go from $4,000 to $5,000. ETH.”

Looking at the trader’s chart, Inmortal expects Ethereum to shatter the $4,800 barrier.

Source: Inmortal/X

Ethereum is trading for $4,014 at time of writing, down about 18% from its all-time high of $4,848 which it hit in November of 2021.

The strategist goes on to note that Ethereum in its Bitcoin pair (ETH/BTC) appears to have printed a cycle bottom after touching a support level following a lengthy downtrend.

“Imagine being bearish after 1,300 days of downtrend. The same people who hate ETH now [are the] same people who hated [Solana] in 2022. Just my opinion.”

Source: Inmortal/X

ETH/BTC is valued at 0.03996 BTC ($4,003) at time of writing.

Moving on to the crypto king, Inmortal says that Bitcoin should sustain upward momentum despite dipping after reaching the $100,000 milestone for the first time ever last week.

“$6,000 wick. That was your dip.”

Source: Inmortal/X

Bitcoin is trading for $100,223 at time of writing.

Generated Image: DALLE3

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