A closely followed crypto strategist has said that Ethereum (ETH) $2,324.80 and thinks sharp recoveries are on the way for Solana (SOL).
Predictions for Ethereum
Anonymous analyst Kaleo stated to his 647,300 followers on social media platform X that the bearish scenario he expected for Ethereum is no longer valid. The analyst shared a chart predicting that Ethereum has formed a local bottom and is preparing for major rallies.
According to the analyst, Ethereum is expected to rise to $4,400. At the time of writing, ETH is trading at $2,383.
Predictions for Solana
Regarding Solana, Kaleo shared a chart suggesting that SOL is heading towards a new all-time high after finding support at $120. The chart predicts that Solana will rally to around $400. Currently, SOL is valued at $135.63.
Prospects for the General Crypto Market
Kaleo also says that the fourth quarter of the year will be very positive for the crypto market after the long correction period seen in the last six months. The analyst expects big increases in this period, which he calls “Uptober” and “Upvember.”
The graphs and statements shared by the analyst have created excitement among Ethereum and Solana investors. Fluctuations and corrections in the crypto market are important factors that can affect investors’ decisions. Therefore, investors are advised to be careful and follow market movements closely.
In summary, Kaleo’s predictions for Ethereum and Solana indicate that there will be significant movements in the crypto market in the coming period. However, it should be noted that each investor should make an individual risk assessment.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
