According to a popular crypto analyst on social media platform X, Ethereum (ETH) is poised to make a rapid move from $4,000 to $5,000 in just a matter of days. The analyst, known as Inmortal, with over 220,000 followers, believes that Ethereum will quickly reach new all-time highs. Inmortal points to the fact that it took Ethereum only 27 days to move from $3,000 to $4,000, and he expects the next leg up to $5,000 to happen even faster.
Currently, Ethereum is trading at $4,014, which is down approximately 18% from its previous all-time high of $4,848 back in November 2021. Despite this pullback, Inmortal remains bullish on Ethereum, especially in comparison to Bitcoin. He notes that Ethereum’s price in its Bitcoin pair (ETH/BTC) seems to have found a support level after a prolonged downtrend, indicating a potential cycle bottom. Inmortal dismisses the bearish sentiment surrounding Ethereum, likening it to the negativity faced by other successful projects like Solana in the past.
As for Bitcoin, Inmortal believes that the leading cryptocurrency will continue its upward trajectory despite a recent dip following its record-breaking move above $100,000. He points to a $6,000 wick as a minor correction in Bitcoin’s price and sees further gains ahead. Currently, Bitcoin is trading at $100,223, maintaining its position as the dominant cryptocurrency in the market.
Inmortal’s optimistic outlook on both Ethereum and Bitcoin reflects the broader sentiment among many crypto enthusiasts who believe that the market is poised for further growth. Ethereum’s strong fundamentals as a leading smart contract platform and Bitcoin’s status as a store of value continue to attract investors looking to capitalize on the growing adoption of cryptocurrencies. With Inmortal’s prediction of Ethereum reaching $5,000 and Bitcoin maintaining its upward momentum, the crypto market could see a bullish trend in the coming days.
In conclusion, the predictions made by Inmortal regarding Ethereum and Bitcoin’s price movements suggest that the crypto market is in for an exciting period of growth. With Ethereum potentially reaching $5,000 and Bitcoin continuing its upward trajectory, investors and traders alike will be closely watching the market for opportunities to profit from these bullish trends. As always, it is important to conduct thorough research and exercise caution when investing in the highly volatile cryptocurrency market.
