Analyst Predicts Things Are About To Get ‘Quite Crazy’ for Ethereum, Says Train Will Move Fast for One Red-Hot Altcoin

A closely followed analyst and trader believes the leading layer-1 platform Ethereum ( ETH ) is poised for a breakout surge.

The pseudonymous trader Inmortal tells his 234,400 followers on the social media platform X that he believes Ethereum is gearing up for a rally toward new all-time high prices.

The analyst shares a chart suggesting that ETH has one final resistance level to breach at around $4,000 before erupting to new record levels.

“Where we’re going, you won’t need charts.

Clean $4,000, and this is going to get quite crazy.”

Source: Inmortal/X

At time of writing, Ethereum is trading for $3,594.

Another altcoin on the trader’s radar is Mantle ( MNT ), an Ethereum layer-2 scaling solution. Inmortal believes  that MNT, which is up about 60% since July, looks primed for a surge toward $1.25.

“Keep an eye on MNT.

Today we printed a god candle, but I also said this when we were accumulating.

It won’t warn you, the train will move fast and won’t wait for anyone.

This is just getting started.”

Source: Inmortal/X

At time of writing, MNT is worth $0.90.

Next up is the memecoin Floki ( FLOKI ), which the trader believes is also setting up for an upside move.

“Run it back, turbo.”

Source: Inmortal/X

Based on the trader’s chart, he seems to suggest that FLOKI will hit $0.00016. At time of writing, FLOKI is worth $0.0001.

Turning to Solana ( SOL ), Inmortal predicts that the altcoin will rally to $220 in the coming days.

“What about a SOL long here?

It’s not a bad spot for a bounce.”

Source: Inmortal/X

At time of writing, SOL is trading at $163.

Generated Image: Midjourney