A popular crypto analyst predicts a quick surge for Ethereum (ETH). They believe ETH could jump from its current price around $4,000 to $5,000 in just a few days.
Ethereum’s Predicted Price Surge
This prediction comes from a trader known as Inmortal, who shared their outlook with over 220,000 followers on X (formerly Twitter). Inmortal points out that ETH’s previous price increase from $3,000 to $4,000 took 27 days, suggesting a much faster rise to $5,000 is possible. Their analysis suggests a potential breakthrough of the $4,800 resistance level.
Currently, ETH is trading slightly below $4,000, significantly lower than its all-time high of nearly $4,850 reached in November 2021.
A Bullish Outlook on ETH and BTC
Inmortal also notes that the ETH/BTC pair (showing Ethereum’s value in Bitcoin) seems to have hit a bottom after a long downtrend, suggesting a bullish trend. They dismiss those bearish on ETH, comparing it to the negativity surrounding Solana in 2022.
Regarding Bitcoin (BTC), Inmortal believes the recent dip after hitting $100,000 was a minor correction, and that upward momentum should continue.
Disclaimer
Remember, this is just one analyst’s opinion. Cryptocurrency investments are inherently risky, and it’s crucial to do your own research before investing. Any investment decisions are your own responsibility.
