A popular crypto analyst believes that Ethereum (ETH) is about to print a massive rally, also known as the God Candle.
Pseudonymous analyst Inmortal tells his 221,100 followers on social media platform
The analyst says that while Ethereum is struggling to break through resistance at $4,000, he notes that BTC also struggled to break above $100,000 for weeks before hitting new all-time highs.
“Same price action, but with a difference.
Candle of God after the escape.
ETH.
Based on the trader’s chart, he seems to predict that ETH will hit its all-time high of $4,800 after the breakout. At the time of writing, ETH is worth $3,892.
The trader also has his radar locked on the memecoin Floki (FLOKI). According to the trader, FLOKI appears to be trading in a symmetrical triangle pattern and is preparing to break the diagonal resistance of the structure en route to new record highs.
“Step two – loading.
New ATH – loading.
Price discovery – loading.
FLOKI.
Based on the trader’s chart, he seems to predict that FLOKI will explode to a new all-time high of $0.00038. At the time of writing, FLOKI is worth $0.000219.
Looking at Solana (SOL), the trader sees the Ethereum rival surpassing its diagonal resistance to climb towards $300.
“Something like that.”
GROUND.”
At the time of writing, SOL is worth $222.60.
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