Trader Predicts ‘God Candle’ Breakout for Ethereum, Says New All-Time High Loading for One Memecoin
A popular crypto analyst thinks that Ethereum ( ETH ) is on the verge of printing a massive breakout rally also known as a god candle.
Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum’s two-hour chart looks similar to Bitcoin’s ( BTC ) price action over the last two weeks.
The analyst says that while Ethereum struggles to clear resistance at $4,000, he notes that BTC also had trouble breaching $100,000 for weeks before surging to new all-time highs.
“Same price action, but with one difference.
God candle after the breakout.
ETH.”
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Based on the trader’s chart, he seems to predict that ETH will surge close to its all-time high of $4,800 after the breakout. At time of writing, ETH is worth $3,892.
The trader also has his radar locked on the memecoin Floki ( FLOKI ). According to the trader, FLOKI appears to be trading in a symmetrical triangle pattern and is gearing up to shatter the structure’s diagonal resistance en route to new record highs.
“Second leg up – loading.
New ATH – loading.
Price discovery – loading.
FLOKI.”
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Based on the trader’s chart, he seems to predict that FLOKI will explode to a new all-time high of $0.00038. At time of writing, FLOKI is worth $0.000219.
Looking at Solana ( SOL ), the trader sees the Ethereum rival bursting above its diagonal resistance to rally toward $300.
“Something like this.
SOL.”
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At time of writing, SOL is worth $222.60.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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