Crypto Analyst Inmortal Predicts Ethereum (ETH) May Be Gearing Up for a Massive Breakout

Pseudonymous analyst Inmortal tells his 218,100 followers on the social media platform X that Ethereum looks bullish after holding the $2,400 level as support on the daily timeframe.

Cryptocurrency strategist Immortal is keeping a close eye on Ethereum (ETH), suggesting that the second-largest crypto by market cap may be preparing for a substantial breakout.

In a recent update to his 218,100 followers on the social media platform X, the pseudonymous analyst points out that ETH is displaying bullish signs by holding the $2,400 level as support on the daily timeframe.

However, Immortal warns that it may take a while before ETH can possibly experience an explosive rally and reach its March peak of around $4,000.

“I know ETH is the hated coin but:

ETH is trading for $2,525 at time of writing, down slightly in the last 24 hours.

Next up, the analyst is expressing bullish sentiment on ETH-based decentralized oracle network Chainlink (LINK).

“Believe in something.”

Looking at his three-day chart, the analyst suggests LINK could soar after a period of consolidation at the $12 resistance level to print new all-time highs around $56, a more than 386% gain from its current value.

LINK is trading for $11.51 at time of writing, down 1.5% in the last 24 hours.

Lastly, the analyst is turning bullish on Bitcoin (BTC). He suggests that Bitcoin is forming a similar pattern that gold formed, a repeated test of a resistance level before breaking through and printing new all-time highs.

“Gold showed us the way.”

Bitcoin is trading for $70,323 at time of writing, flat on the day.

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