Renowned Trader Anticipates Huge Solana (SOL) Surge, Foresees Ethereum (ETH) Preparing for a Spectacular Breakout

silver iphone

Top Trader Foresees Meteoric Rise for Solana (SOL) and Ethereum (ETH) in 2023

A prominent trader, known for accurately predicting Bitcoin’s 2018 bear market bottom, now believes that Solana (SOL), a potential Ethereum (ETH) rival, is gearing up for an extraordinary price surge. The trader, who goes by the pseudonym Bluntz and commands a following of 223,500 on Twitter, highlights the potential for SOL to mimic Bitcoin’s explosive rally earlier in the year. Additionally, Bluntz is optimistic about Ethereum’s prospects, expecting it to stage a significant breakout rally against Bitcoin (ETH/BTC). Let’s delve into the trader’s insights and projections.

Solana (SOL) – A Catalyst for Meteoric Price Appreciation:
Bluntz is enthusiastic about Solana’s prospects, expressing his confidence in a chart he shared. According to his analysis, if the smart contract platform follows his script, SOL could rally impressively, potentially reaching close to $100 by October. He even contemplates becoming a full-blown SOL maximalist for a few months, citing the clean upward channel breakout he observed, reminiscent of Bitcoin’s January rally at $18,000.

As of the current time of writing, SOL is trading at $25.71, indicating an upside potential of over 288% if Bluntz’s target is achieved.

Ethereum (ETH) Primed for a Glorious Breakout Rally:
Turning his attention to Ethereum, Bluntz is optimistic about its prospects against Bitcoin (ETH/BTC). He identifies a nearly year-long ETH/BTC wedge breakout, predicting it to be nothing short of glorious. Expressing his belief that Ethereum may have already hit its bottom, he is particularly interested in the ETH/BTC ratio surpassing 0.07 BTC ($2,101). Bluntz opines that many market participants are currently unprepared for such a move and may be taken by surprise.

According to the trader’s chart-based analysis, he envisions ETH/BTC soaring to a high of 0.112 BTC ($3,362), while the current value of ETH/BTC stands at 0.06337 BTC ($1,902).

Bitcoin (BTC) – A Potential Bounce Amid Volatility:
As for Bitcoin itself, Bluntz anticipates a potential bounce, even after experiencing a brief dip below $30,000. He finds promise in the low timeframes, suggesting the reclamation of the recently broken-down range. Furthermore, he believes that the best-case scenario could lead to new highs for Bitcoin, although he acknowledges the possibility of a few days of upward movement at the very least.

Bluntz, the trader renowned for accurately predicting Bitcoin’s 2018 bear market bottom, remains confident in his analysis of Solana (SOL), Ethereum (ETH), and Bitcoin (BTC). With SOL’s potential meteoric rise, Ethereum’s projected breakout against Bitcoin, and Bitcoin’s potential bounce, the cryptocurrency market holds significant promise for exciting price movements in the coming months. As with any market projections, readers are advised to exercise caution and do their own research before making any investment decisions.

Comments are closed.