Ethereum

Movement

Resistance

<p>You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/inmortal-predicts-significant-movement-for-ethereum-and-other-cryptos/" rel="noopener noreferrer nofollow">Inmortal Predicts Significant Movement for Ethereum and Other Cryptos</a><br></p><p>Popular <a href="https://en.coin-turk.com/analysis-of-ripple-xrp-solana-sol-and-ada-coin-as-bitcoin-btc-falls/" rel="noopener noreferrer nofollow">crypto analyst</a> Inmortal pointed out that Ethereum (ETH) is at a critical juncture. He stated to his followers on social media platform X that Ethereum’s price chart displays a resemblance to Bitcoin’s movements over the past two weeks. Inmortal emphasized that this trend signals a major breakout rally for ETH.</p><h2 id="ethereum-approaches-4-000-resistance">Ethereum Approaches $4,000 Resistance</h2><p>Inmortal noted that Ethereum struggles to surpass the $4,000 resistance level. He reminded followers that Bitcoin experienced a similar scenario in the past, where it tested the $100,000 threshold before reaching its historical peak. He remarked, “The same price action, but with one difference. The breakout post is the ‘God Candle’ for ETH.” This prediction has generated significant excitement among traders.</p><p>According to the analyst, if Ethereum initiates movement above the $4,000 mark, it could trigger price discovery and new highs. This scenario may strengthen a substantial bullish trend within the <a href="https://en.coin-turk.com/optimism-strengthens-ethereums-network-with-layer-2-solutions/" rel="noopener noreferrer nofollow">cryptocurrency market</a>.</p><h2 id="expectations-for-new-peaks-in-floki-and-solana">Expectations for New Peaks in Floki and Solana</h2><p>Inmortal also pointed out that the <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-trends-and-predictions-3/" rel="noopener noreferrer nofollow">memecoin</a> Floki (FLOKI) is trading within a symmetrical triangle formation. He stated that Floki’s current structure is preparing to break its diagonal resistance and reach new peaks. He declared, “The second wave is loading. A new peak is loading. Price discovery is loading for FLOKI.” This forecast has resonated positively with the Floki community.</p><p>For Solana (SOL), the analyst expressed an expectation for the price to rise above diagonal resistance and approach $300. He highlighted Solana’s bullish potential, saying, “Something like this for SOL.” A rise to $300 for Solana could support rallies for major cryptocurrencies like Ethereum and Bitcoin.</p><p>Currently, Ethereum is trading at $3,892, Floki at $0.000219, and Solana at $222.60. The analyst predicts that if the anticipated movements in Ethereum, Floki, and Solana occur, there could be an overall upward trend in the cryptocurrency market.</p><p>The analyst’s statements are closely monitored in the market. Traders are keeping a watchful eye on the potential breaking of identified resistance levels. These developments could lead to significant price volatility in the markets.</p><p>The post <a href="https://en.coin-turk.com/inmortal-predicts-significant-movement-for-ethereum-and-other-cryptos/" rel="noopener noreferrer nofollow">Inmortal Predicts Significant Movement for Ethereum and Other Cryptos</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Inmortal Predicts Significant Movement for Ethereum and Other Cryptos

Table of Contents

COINTURK NEWS

Other articles published on Dec 19, 2024

Bitcoin price has legs above $100K despite holders booking record profits — Analysis

Crypto Market Update: Bitcoin Rallies, TON Wallet Launches, and $2.2 Billion in Hacks Uncovered

Santa’s Crypto Picks: 3 Altcoins to Watch as the Market Heats Up

Michael Saylor, Elon Musk's Bitcoin 2020 Discussion Flashback: Details

Kicking Yourself Over Bitcoin Cash? This New Layer 1 Project is Making Splashes as the Best Crypt...

BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick

Join our free newsletter for daily crypto updates!