Trader Says Ethereum Rival To Perform Well Over Coming Months, Updates Outlook on Bitcoin and Celestia

Trader Says Ethereum Rival To Perform Well Over Coming Months, Updates Outlook on Bitcoin and Celestia


A popular crypto trader thinks one Ethereum (ETH) rival is primed to perform well over the coming months.

The pseudonymous analyst known as Altcoin Sherpa tells his 217,800 followers on the social media platform X that he’s “pretty neutral” on Solana (SOL) over the short term but more optimistic on the asset as 2024 winds down.

“I still believe $120-170 is a decent region to accumulate SOL overall, and I think this still does pretty well in the second part of the year. Not really expecting this one to move until the overall market environment improves though.” 

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Source: Altcoin Sherpa/X

SOL is trading at $140.87 at time of writing. The 5th-ranked crypto asset by market cap is down more than 1% in the past 24

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