Trader Predicts ‘God Candle’ Breakout for Ethereum, Says New All-Time High Loading for One Memecoin

A well-liked crypto analyst thinks Ethereum (ETH) is about to print an enormous breakout rally, often known as a god candle.

Pseudonymous analyst Inmortal tells his 221,100 followers on social media platform

The analyst says that whereas Ethereum is struggling to clear the $4,000 resistance, he notes that BTC additionally struggled to interrupt $100,000 for weeks earlier than surging to new all-time highs.

“The identical value promotion, however with one distinction.

God candle after the outbreak.

ETH.”

Based mostly on the dealer’s chart, he appears to foretell that ETH will rise near its all-time excessive of $4,800 after the breakout. On the time of writing, ETH is value $3,892.

The dealer has additionally locked his radar on the memecoin Floki (FLOKI). In response to the dealer, FLOKI seems to be buying and selling in a symmetrical triangle sample and is gearing as much as break the construction’s diagonal resistance on its strategy to new all-time highs.

“Second stage up – loading.
New ATH – loading.
Value discovery – loading.

FLOKI.”

Based mostly on the dealer’s chart, he appears to foretell that FLOKI will explode to a brand new all-time excessive of $0.00038. On the time of writing, FLOKI is value $0.000219.

Solana (SOL), the dealer sees the Ethereum rival breaking above its diagonal resistance and transferring in direction of $300.

“One thing like this.

SOL.”

On the time of writing, SOL is value $222.60.

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Generated picture: Midjourney