A widely followed crypto strategist believes sharp recoveries are in store for Ethereum (ETH) and it
A widely followed crypto strategist believes sharp recoveries are in store for Ethereum (ETH) and its competitor Solana (SOL).
Starting with the top smart contract protocol, pseudonymous analyst Kaleo tells his 647,300 followers on the social media platform X that his bearish scenario for Ethereum is no longer valid.
The trader shares a chart suggesting that ETH has already printed a local bottom and is now gearing up for big rallies.
The yellow line is cursed.
The white line in this thread has been goated and will continue to be goated.
Run it back.
Source: Kaleo/X
Looking at the traders chart, he seems to predict that Ethereum will rally to $4,400. At time of writing, ETH is trading for $2,383.
As for Solana, Kaleo shares a chart suggesting that SOL is now en route to a new all-time high after holding support at $120.
“The white lines were and always have been the path. Run it back.”
Source: Kaleo/X
Based on the traders chart, he seems to predict that SOL will rally to a new record level at around $400. At time of writing, SOL is worth $135.63.
Kaleo also says that Q4 will be incredibly bullish for crypto after witnessing an extended corrective period over the last six months or so.
“Uptober is gonna be lit. Upvember will be even better.”
Generated Image: Midjourney
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
North Korean Malware Targets macOS Users by Evading Apple Notarization
Thune helped cosponsor a crypto bill in 2022 called the Digital Commodities Consumer Protection Act
DeltaPrime Protocol Attacked on Arbitrum and Avalanche, Resulting in $4.8 Million Loss
Polymarket Founder Raided by FBI After Trump Win, Company Says
0.00