Trader Predicts Rises for Ethereum (ETH) in Q1, Says ‘Mega Pump’ Coming in for One Crypto Sector

A crypto strategist and dealer releases his predictions for the digital asset marketplace for the primary few months of the yr, together with his first quarter outlook for Ethereum (ETH).

The analyst, pseudonymously generally known as Inmortal, tells his 222,400 followers on social media platform X that he thinks Ethereum is gearing up for rallies this quarter.

The dealer believes that ETH is about to comply with within the footsteps of its worth motion within the first quarter of 2024.

“ETH is poised to have an excellent first quarter.”’

Trying on the dealer’s chart, he appears to foretell that ETH will hit a brand new all-time excessive of $5,300 in March. On the time of writing, ETH is price $3,646.

He too thinks legacy altcoins and synthetic intelligence (AI)-focused initiatives will drive rallies within the subsequent three months.

“In Q1:

1. ETH performs higher.
2. Go SOL +$300
3. Mega pump of AI cash
4. Memes carry out poorly
5. Dino Cash are having an excellent run.”

Whereas the analyst believes memecoins will not see main rallies within the first quarter of this yr, he says Floki (FLOKI) might be an exception.

“Excessive conviction from the memecoin chief.

FLOKI.”

Based mostly on the dealer’s chart, he appears to counsel that FLOKI displays the worth motion of Pepe (PEPE) from late 2023 to early 2024, when the Ethereum-based memecoin went parabolic after months of sideways motion. The dealer appears to foretell that FLOKI will hit a brand new all-time excessive of $0.0005 earlier than the tip of the primary quarter.

On the time of writing, FLOKI is buying and selling at $0.00019.

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