A closely followed crypto strategist believes Ethereum (ETH<\/a>) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago.<\/p>\n Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum\u2019s market structure on the three-day chart looks very similar to its early 2020 price action.<\/p>\n Five years ago, ETH traded between $100 and $200 before the Covid-induced panic ignited a crash to around $86. The downside deviation subsequently triggered a massive rally that sent Ethereum to its all-time high of $4,868.<\/p>\n Says<\/a> Inmortal,<\/p>\n \u201cHistory rhymes, sometimes.\u201d<\/em><\/p>\n Looking closer at ETH, Inmortal predicts<\/a> that Ethereum will continue to consolidate at current levels before sparking surges to $3,800 next month.<\/p>\n \u201cRemember who you are, ETH.\u201d\u00a0<\/em><\/p>\n At time of writing, ETH is trading for $2,479.<\/p>\n Turning to Ethereum rival Solana, the trader thinks<\/a> that SOL<\/a> will take a breather in the coming weeks before launching a rally to a new record high of $320 in July.<\/p>\n \u201c$180 is the line on the sand, but it won\u2019t take long to get through it.<\/em><\/p>\n After that, $320.\u201d\u00a0<\/em><\/p>\n At time of writing, SOL is trading for $165.<\/p>\n Inmortal is also outlining<\/a> Bitcoin\u2019s (BTC<\/a>) potential path to a new all-time high.<\/p>\n \u201c$102,000 [to] $96,000 [to] $120,000\u201d<\/em><\/p>\n At time of writing, Bitcoin is trading for $103,244.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto strategist believes Ethereum (ETH) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago. Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum\u2019s market structure on the three-day chart looks very similar to its early 2020 price action. Five […]<\/p>\n","protected":false},"author":2,"featured_media":392486,"comment_status":"closed","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-392485","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\/392485","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=392485"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392485\/revisions"}],"predecessor-version":[{"id":392487,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392485\/revisions\/392487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/392486"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=392485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=392485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=392485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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