Ethereum

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 <p>A closely followed crypto strategist believes that Ethereum (ETH) is now in an uptrend after a lengthy period of accumulation.</p>
 <p>Pseudonymous analyst Inmortal tells his 206,500 followers on the social media platform X that ETH has convincingly broken out of a trading range after retesting the lower $2,000 level several times in the past few months.</p>
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 <p><em>“Wake up honey, bear market accumulation is over.”</em></p>
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      Source: Inmortal/X
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 <p>Ethereum is trading for $2,670 at time of writing, up more than 6% in the last 24 hours.</p>
 <p>Next up, the trader thinks there is a price correlation between ETH-rivals Solana (SOL) and Avalanche (AVAX) and is expressing bullish sentiment on both tokens.</p>
 <p><em>“If SOL pumps, AVAX will follow. Muscle memory.” </em></p>
 <p>SOL is trading for $113.94 at time of writing, while AVAX is trading for $41.27.</p>
 <p>The trader is also bullish on open-source gaming blockchain Beam (BEAM).</p>
 <p><em>“My unspecified amount of BEAM is up.”</em></p>
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   Source: Inmortal/X
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 <p>Looking at his chart, the trader suggests BEAM is in an uptrend after bouncing off the bottom of a trading range at around $0.0170.</p>
 <p>BEAM is trading for $0.0294 at time of writing, up more than 14% in the last 24 hours.</p>
 <p>Lastly, the trader is predicting Bitcoin (BTC) will go on a massive rally when retail traders sitting on the sidelines enter the crypto market.</p>
 <p><em>“No new participants in crypto and we are at $48,000, chilling. Imagine when the masses come in like they did in 2021. We are going much higher, soon.” </em></p>
 <p>Bitcoin is trading for $49,777 at time of writing, up more than 3% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-trader-says-ethereum-accumulation-phase-now-over-predicts-rally-for-eth-rival-tbt79673.html">https://thebittimes.com/crypto-trader-says-ethereum-accumulation-phase-now-over-predicts-rally-for-eth-rival-tbt79673.html</a></p>

Crypto Trader Says Ethereum Accumulation Phase Now Over, Predicts Rally for ETH Rival

TheBitTimes

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