Solana Says Crypto Analyst Predicts Ethereum Season to Follow Market Cycles
A well-known crypto analyst says now could be the time for Ethereum (ETH) to show its potential, especially as its biggest rival is experiencing a parabolic rise.
He has set an initial price target of around $4,000, with the current chart showing ETH finding support around $2,800.
Solana’s market cycle so far has been similar to Ethereum’s performance in 2021. If SOL can continue its current trajectory, its price could be well above $360 later this year. As of this writing, SOL is trading at $177.54.
The king of crypto is currently trading between $74,000 and $56,000. If Bitcoin can hold onto the $66,000 level, another move to all-time highs is possible.
Price Rejected at First Level of Resistance (Mid-Range)
> If the price successfully recovers to the middle range, the range high ($74,000) is just around the corner.
> Below the blue box = Not good
It's very simple. "As of this writing, BTC is trading at $67,024, slightly above the median price indicated by Inmortal.
The Queen believes that Ethereum is about to usher in a wave of rebounds with a target price of $4,000, while Solana is also expected to break new highs later this year.
Bitcoin needs to hold key support levels to continue its upward trend. As the market continues to develop, investors should pay close attention to these key indicators to make smart investment decisions at the right time.
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