Expectations for bullishness are rapidly increasing in the crypto world. Major rallies are expected for altcoins such as Ethereum (ETH), Solana (SOL) and FLOKI. Ethereum in particular is expected to make a huge rise, which a popular analyst calls a "god candle". Investors and analysts continue to discuss how such rallies will affect the crypto market. These predictions have created a new wave of activity in the market.
Famous crypto analyst Inmortal has suggested that Ethereum (ETH) is ready to make a major upward move, which will turn into a massive breakout known as a “god candle.” The analyst told his 221,100 followers on social media platform X that Ethereum’s two-hour price movements are similar to Bitcoin’s movements over the last two weeks. According to Inmortal, similar to the period when Bitcoin struggled to break through the $100,000 level, Ethereum is also trying to overcome the resistance at the $4,000 level. The analyst stated that Ethereum could reach new highs like Bitcoin after overcoming these difficulties.
Inmortal commented on the Ethereum price action as follows:
“Same price action, but with one difference: God candle after breakout. ETH”
This statement indicates that Ethereum will experience a major rise after a major breakout. For Ethereum, which is currently traded at $3,892, Inmortal predicts that the price could rise to $4,800 after the breakout, reaching a new all-time high (ATH). While this prediction creates great excitement among investors, it is a matter of curiosity whether Ethereum's technical indicators will support this rally.
Inmortal’s radar doesn’t just include Ethereum, but also the popular meme coin FLOKI. The analyst predicts that FLOKI is trading within a symmetrical triangle formation and could break the resistance level of this formation and reach new record highs. He made the following remarks about FLOKI:
“Second rally about to begin. New ATH on the way. Price discovery approaching. FLOKI.”
FLOKI is currently trading at $0.000219. The analyst predicts that FLOKI will rise to $0.00038, reaching a new all-time high.
Solana Target: $300$SOL
Inmortal also made an optimistic prediction for Solana (SOL), one of Ethereum’s competitors. According to the analyst, Solana will break the diagonal resistance level and start a rally towards $300. Stating that Solana, which is currently traded at $222.60, has shown great development in the past year, the analyst stated that it has a strong ecosystem that will support this rally. If Inmortal’s predictions come true, Solana will attract even more attention from investors, along with altcoins such as Ethereum and FLOKI.
If these predictions come true, a new period of growth may begin in the crypto market. Ethereum, FLOKI and Solana may create new opportunities for altcoin investors.