Ethereum Accumulation Phase Ends, Analyst Predicts Rally for Rivals

Ethereum Breaks Out of Trading Range

  • A crypto strategist believes Ethereum (ETH) is now in an uptrend after a lengthy accumulation period.
  • Pseudonymous analyst Inmortal observed a convincing breakout from a trading range, following several retests of the lower $2,000 level.

Correlation Between ETH Rivals

  • The trader sees a price correlation between ETH-rivals Solana (SOL) and Avalanche (AVAX).
  • Both tokens are expected to follow a potential SOL pump.

Bullish Sentiment for Beam (BEAM)

  • The trader is also bullish on open-source gaming blockchain Beam (BEAM).
  • BEAM is believed to be in an uptrend after bouncing off the bottom of a trading range.

Bitcoin Rally Prediction

  • The trader predicts a massive Bitcoin (BTC) rally when retail traders enter the crypto market.
  • Bitcoin’s current value is seen as a precursor to a larger surge when the masses participate.

Disclaimer: Opinions expressed are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets./p>