#MyEOSTrade Both Ethereum (ETH) and Solana (SOL) are heading towards significant movements according to renowned expert Inmotal, who has over 232,300 followers on platform X.
Will Ethereum replicate its performance in 2020?
Inmotal noted a similarity in the current Ethereum chart to market patterns in early 2020. At that time, the price of Ethereum ranged between $100 and $200 before plummeting to $86, then experiencing a meteoric rise to $4,868. Inmotal believes history may repeat itself, anticipating a short-term sideways trading followed by a potential rise to $3,800 next month. Currently, Ethereum is trading at $2,479.
Could Solana reach new all-time highs?
For Solana, Inmotal expects a temporary stagnation in the coming weeks, but he anticipates a subsequent bullish wave that could push the price to $320. If Solana surpasses the critical level of $180, it may achieve new highs. Currently, it is trading at $165.
Bitcoin forecasts as well:
Inmotal appears long-term optimistic about Bitcoin (BTC), expecting it to reach record levels between $102,000 and $120,000. At the time of publishing the report, Bitcoin was trading at $103,244.
Key points:
- Ethereum may target $3,800 soon.
- Solana could reach $320 if it surpasses $180.
- Bitcoin may record unprecedented levels between $102,000 and $120,000.
It is noted that these forecasts are based on technical analysis and historical price movements, but traders are advised to do their own research due to significant market volatility. Consulting financial experts before making any investment decisions is also recommended.