The popular Twitter analyst and crypto whale nicknamed Kaleo predicts that Ethereum will surpass all-time highs in the short term, and an explosive altcoin project will likely continue the uptrend.
According to the analyst, $ 5,000 in Ethereum is not far!
Kaleo tells his 411,000 Twitter followers that the leading smart contract platform Ethereum (ETH) is preparing to break the last line of resistance in an effort to save the ATH level. While adding that this could happen sooner than expected, the analyst also shared the technical chart he followed:
ETH/Ethereum. It could reach $5,000 sooner than you think.
ETH is trending bullish against Bitcoin, according to Kaleo
Looking at Bitcoin (ETH/BTC) versus Ethereum, Kaleo says that despite Bitcoin’s (BTC) resilience, the pair is in an uptrend:
I won’t lie, altcoin projects respond much better to $60,000 in Bitcoin than I expected. What happens when price returns to exploration is still unclear but for now – this ETH/BTC chart looks solid.
As for the explosive altcoin project
As for Solana (SOL), which the analyst expects to burst, the hot altcoin could continue its rally above $300 if it breaks the resistance around $200, according to Kaleo. Kaleo follows this line of resistance:
cryptocoin.com Kaleo, whose analysis we shared, cites Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, who tweeted that a crypto trader in Solana was willing to buy all his positions when SOL was trading around $3 in January. On January 9, the SBF responded to the comment claiming SOL was overvalued:
I’ll buy as many SOL as you have right now for $3. Sell me as much as you want.
The crypto strategist is also watching Solana closely against Bitcoin (SOL/BTC), which he says is showing signs of strength after bouncing off the diagonal support and taking down bearish resistance on the lower timeframe.
The SOL/BTC chart is absolutely crazy.
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