Layer-1 Rivals Ethereum (ETH) and Solana (SOL) Are Gearing up for Rallies to New All-Time Highs, Crypto Strategist Says

Pseudonymous analyst Inmortal tells his 217,500 followers on the social media platform X that he believes Ethereum is in the midst of a brief consolidation period before rallies to new record-high levels.

Top crypto strategist predicts new all-time highs for Ethereum (ETH), Solana (SOL) and meme token A close observer of cryptocurrencies believes that layer-1 tokens such as Ethereum (ETH) and Solana (SOL) are preparing for rallies to new all-time highs.

The pseudonymous analyst, known as Inmortal, shared his analysis with his 217,500 followers on the social media platform X.

According to Inmortal, Ethereum is currently experiencing a brief consolidation period before rallying to new record highs.

The trader posted a chart suggesting that Ethereum will eventually break out on its way to $5,000.

“Simple structure, simple trade, simple life.”

Based on the trader's chart, he seems to suggest that ETH has formed a solid base below $2,800, which now serves as the foundation for a new uptrend.

At the time of writing, ETH is trading at $3,113, down more than 36% from its all-time high of $4,878.

Turning to Solana, Inmortal believes that SOL is now poised to print a new all-time high after breaking out of a symmetrical triangle structure, a technical analysis formation that is traditionally viewed as a bullish continuation pattern.

“Send [Solana] to new ATH (all-time high).”

At the time of writing, SOL is trading at $235, about 9% away from hitting its all-time high of $259.96.

The trader is also bullish on the meme token Floki (FLOKI). Inmortal predicts that FLOKI will rally to $0.00035 after clearing resistance at $0.00024.

“The outperformer.

FLOKI.”

At the time of writing, FLOKI is trading at $0.000256.