Massive Recoveries Coming for Ethereum (ETH) and Solana (SOL), According to Crypto Trader

A widely followed crypto analyst believes that Ethereum (ETH) and one of its competitors are setting up for big recovery rallies.

Pseudonymous crypto trader Kaleo tells his 645,400 followers on the social media platform X that Ethereum could soon soar by double digits after testing the $2,100 level and then breaking out of a descending trendline.

Buy physical gold and silver online

“High $2,100s / low $2,200s then bounce.”

Image
Source: Kaleo/X

Looking at his chart, the trader suggests ETH could soar past $4,000 within months, a more than 64% gain from the current value.

Ethereum is trading for $2,440 at time of writing, down nearly 3% in the last 24 hours.

Next up, the analyst says that Solana (SOL) could revisit its yearly high after catching demand near the $120 range.

“Nearly there.”

Image
Source: Kaleo/X

Zooming out, the trader suggests Solana could increase by more than 186% of the current value, hitting $370 before the end of the year.

Image
Source: Kaleo/X

Solana is trading for $129 at time of writing, down 2.6% in the last 24 hours.

Lastly, the analyst says that he is also bullish on another Ethereum rival, layer-1 blockchain Avalanche (AVAX).

He predicts that AVAX could soar to $45 within months, a gain of more than 108% of the current value.

“Dip started as expected… Still looking to fill low $20s again prior to full send.”

Image
Source: Kaleo/X

AVAX is trading for $21.62 at time of writing, down 2.3% in the last 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/vectorpouch/Vladimir Sazonov

The post Massive Recoveries Coming for Ethereum (ETH) and Solana (SOL), According to Crypto Trader appeared first on The Daily Hodl.

About the author

Why invest in physical gold and silver?
文 » A