A closely followed crypto strategist believes that the current market correction is setting up Ethereum (ETH<\/a>) for a parabolic surge at the end of the year.<\/p>\n Pseudonymous analyst Inmortal tells his 214,800 followers on the social media platform X that Ethereum will likely consolidate between $4,000 and $2,800 in the coming months.<\/p>\n The trader shares a chart suggesting that Ethereum will witness a year-long parabolic rally starting in October that will eventually send ETH to a new all-time high at around $8,000.<\/p>\n \u201cCapture this.<\/em><\/p>\n ETH.\u201d\u00a0<\/em><\/p>\n At time of writing, Ethereum is worth $2,903, down over 4% on the day.<\/p>\n Looking at Ethereum rival Solana (SOL<\/a>), Inmortal believes that the large-cap altcoin is at risk of seeing much lower prices unless it can rally past $160 to develop a bullish higher high structure.<\/p>\n \u201cBulls defending $120 level, taking no prisoners. I don\u2019t want to see the bouncing ball structure develop. A higher high would be key.\u201d<\/em><\/p>\n At time of writing, SOL is trading at $130, down over 8% on the day.<\/p>\n As for the meme token Floki (FLOKI<\/a>), the trader thinks that the altcoin is flashing a bullish setup similar to its April 2024 price action when it briefly traded below support at $0.00016 before rallying.<\/p>\n \u201cFLOKI about to print the famous deviation + retest structure.\u201d<\/em><\/p>\n At time of writing, FLOKI is worth $0.000135, down over 10% in the past day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto strategist believes that the current market correction is setting up Ethereum (ETH) for a parabolic surge at the end of the year. Pseudonymous analyst Inmortal tells his 214,800 followers on the social media platform X that Ethereum will likely consolidate between $4,000 and $2,800 in the coming months. The trader shares […]<\/p>\n","protected":false},"author":2,"featured_media":255116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-340263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=340263"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340263\/revisions"}],"predecessor-version":[{"id":340266,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340263\/revisions\/340266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/255116"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=340263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=340263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=340263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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