Prominent cryptocurrency influencer Inmortal is projecting a significant upward trend for Ethereum (ETH), anticipating a potential increase of 75% to reach a price of $4,100. This prediction comes in the wake of a recent decline in Ethereum’s value. Inmortal has garnered a substantial following, boasting 217,500 followers on Twitter, and his analysis is becoming increasingly influential within the cryptocurrency community.

What Does the Technical Analysis Reveal?

Inmortal pointed out that Ethereum has recently broken through a horizontal resistance level observed in lower time frames. He illustrated his findings through a chart, stating, “ETH is leading. Resistance is forming below classic consolidation, along with higher lows.” This technical development indicates a strong potential for Ethereum to experience a notable upward movement in the cryptocurrency market.

How Does Solana’s Past Compare?

Additionally, Inmortal drew parallels to Solana (SOL), reflecting on its price dynamics during a consolidation phase in 2021. At that time, Solana traded below $60 before experiencing a meteoric rise to a peak of $259. He speculated that given Solana’s current valuation of $166, the asset could potentially replicate its historic rally.

Moreover, Inmortal mentioned the meme token Floki (FLOKI) and highlighted its potential for a breakout, suggesting it could surge to $0.00021 from its current price of $0.000151. This token is viewed as another opportunity for investors seeking significant returns.

• Ethereum is anticipated to rise substantially, with expectations to reach $4,100.
• Technical indicators are signaling a strong upward trend for ETH.
• Past price actions of Solana suggest a likelihood of repeating considerable gains.
• The meme token Floki is also projected to rally.

The insights offered by Inmortal capture the dynamic potential inherent in the cryptocurrency market, suggesting that Ethereum and Solana may provide attractive investment opportunities in the near future. As the crypto landscape continues to evolve, it is crucial for investors to stay informed and engaged with market trends. I encourage you to share your thoughts and perspectives on these developments—your insights could contribute to a broader understanding of the crypto market.