Analyst Predicts Parabolic Rally for Ethereum After Correction, Updates Outlook on Solana and FLOKI

Analyst Predicts Parabolic Rally for Ethereum After Correction, Updates Outlook on Solana and FLOKI


A closely followed crypto strategist believes that the current market correction is setting up Ethereum (ETH) for a parabolic surge at the end of the year.

Pseudonymous analyst Inmortal tells his 214,800 followers on the social media platform X that Ethereum will likely consolidate between $4,000 and $2,800 in the coming months.

The trader shares a chart suggesting that Ethereum will witness a year-long parabolic rally starting in October that will eventually send ETH to a new all-time high at around $8,000.

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“Capture this.

ETH.” 

Source: Inmortal/X

At time of writing, Ethereum is worth $2,903, down over 4% on the day.

Looking at Ethereum rival Solana (SOL), Inmortal believes that the large-cap altcoin is at risk of seeing much lower prices unless it can rally

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