- The popular analyst stated that he is optimistic about Ethereum and a rival altcoin and claimed that both ETH and this altcoin will see significant gains in the coming months. According to the analyst, the ETH competitor could double the value of the altcoin.
A crypto strategist who is widely followed by the crypto community, smart contract platforms Ethereum (ETH) and Solana (LEFT) He said that he is following the chart and both assets have huge bullish potential based on how they close the month.
Using the pseudonym DonAlt, the analyst has 411,100 Twitter followers, Ethereumexpects to start a rally of around 80% if it manages to stay above the monthly support level. told.
“Monthly support has been held so far. I bought it for about $1000 and if we close this month above, [kâr almak] I will be waiting for a bearish test of around $2200 for the coin.”
The pair could explode if Ethereum closes the bear at this support level.
DonAlt also tracks Ethereum’s end-of-month performance on the Bitcoin pair (ETH/BTC). According to the analyst, ETH/BTC could explode if the largest altcoin can close June around 0.058 BTC ($1242).
“This is a very interesting spot for ETH. If it can retake the low range, I think it could go completely relative to BTC. Being close to the resistance might not be very pleasant.”
According to CoinGecko data, Ethereum, which has fallen by 2 percent in the last 24 hours, is trading at $ 1191 at the time of writing.
The analyst also evaluated the biggest ETH competitor
Ethereum competitor Solana (LEFT) Also, DonAlt, who took a close look at SOL token He says it could double in value as long as the bear ends above the monthly support level.
“Aside from that, that’s my long-term LEFT view. If the monthly close is above $43, I really don’t see any reason why he shouldn’t retest ~$100 to the downside.”
Traded down about 4 percent at the time of writing. SOL tokenIt is trading at $38.61.
You can check the price movements here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.