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A closely followed analyst and trader believes the leading layer-1 platform Ethereum (ETH) is poised for a breakout surge.
The pseudonymous trader Inmortal tells his 234,400 followers on the social media platform X that he believes Ethereum is gearing up for a rally toward new all-time high prices.
The analyst shares a chart suggesting that ETH has one final resistance level to breach at around $4,000 before erupting to new record levels.
“Where we’re going, you won’t need charts.
Clean $4,000, and this is going to get quite crazy.”
Source: Inmortal/X
At time of writing, Ethereum is trading for $3,594.
Another altcoin on the trader’s radar is Mantle (MNT), an Ethereum layer-2 scaling solution. Inmortal believes that MNT, which is up about 60% since July, looks primed for a surge toward $1.25.
“Keep an eye on MNT.
Today we printed a god candle, but I also said this when we were accumulating.
It won’t warn you, the train will move fast and won’t wait for anyone.
This is just getting started.”
Source: Inmortal/X
At time of writing, MNT is worth $0.90.
Next up is the memecoin Floki (FLOKI), which the trader believes is also setting up for an upside move.
“Run it back, turbo.”
Source: Inmortal/X
Based on the trader’s chart, he seems to suggest that FLOKI will hit $0.00016. At time of writing, FLOKI is worth $0.0001.
Turning to Solana (SOL), Inmortal predicts that the altcoin will rally to $220 in the coming days.
“What about a SOL long here?
It’s not a bad spot for a bounce.”
Source: Inmortal/X
At time of writing, SOL is trading at $163.
