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Home»Altcoins»Massive Recoveries Coming for Ethereum (ETH) and Solana (SOL), According to Crypto Trader
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Massive Recoveries Coming for Ethereum (ETH) and Solana (SOL), According to Crypto Trader

September 3, 2024No Comments2 Mins Read
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A widely followed crypto analyst believes Ethereum (ETH) and one of its competitors are poised for major recovery rallies.

Pseudonymous crypto trader Kaleo tells his 645,400 followers on social media platform X that Ethereum could soon surge into double digits after testing the $2,100 level and then breaking through a descending trendline.

“Higher $2,100 / lower $2,200, then bounce.”

Picture
Source: Kaleo/X

Looking at his chart, the trader suggests that ETH could surpass $4,000 within a few months, a gain of over 64% from its current value.

At the time of writing, Ethereum is trading at $2,440, down nearly 3% in the past 24 hours.

Next, the analyst says Solana (SOL) could revisit its yearly high after capturing demand near $120.

“Almost there.”

Picture
Source: Kaleo/X

Taking a step back, the trader suggests that Solana could increase by more than 186% from its current value, reaching $370 before the end of the year.

Picture
Source: Kaleo/X

Solana is trading at $129 at the time of writing, down 2.6% in the past 24 hours.

Finally, the analyst says he is also bullish on another Ethereum rival, the layer-1 blockchain Avalanche (AVAX).

He predicts that AVAX could climb to $45 in a few months, a gain of more than 108% from its current value.

“The drop started as expected…I’m still looking to refill the low $20s before the full send.”

Picture
Source: Kaleo/X

AVAX is trading at $21.62 at the time of writing, down 2.3% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies 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.

Featured image: Shutterstock/vectorpouch/Vladimir Sazonov





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