Analyst Forecasts Price Surge For Ethereum And Three Altcoins: 'Fun...Should Really Start'

A popular crypto analyst, known as Kaleo, predicts a potential rise in the value of Ethereum ETH/USD and three other altcoins from its ecosystem.

The anonymous crypto strategist has shared with his 601,300 followers that Ethereum is on the brink of breaking its diagonal resistance at $1,900, reported The Daily Hodl. He suggests that post-breakout, Ethereum could potentially climb to around $2,100.

"Considering it is a diagonal season, the fun for ETH should really start whenever it clears $1,900,” he stated in a post in X, formerly Twitter.

Kaleo is also monitoring Arbitrum ARB/USD, an Ethereum scaling solution. He outlines that ARB may rally up to $1.30 after flipping a key diagonal resistance into support.

See Also: Sam Bankman-Fried’s Fraud Conviction In FTX Case, Elon Musk Takes Another Swing At NFTs And More: Crypto Round-Up This Week

Get Started

Trade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle

Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

Get Started

Disclosure: 82% of retail CFD accounts lose money

The analyst also mentions Optimism OP/USD, a layer-2 protocol and potential competitor of Arbitrum. Kaleo indicates that OP is following a similar trajectory to ARB, having broken past a multi-month diagonal resistance.

The last altcoin on Kaleo’s radar is Blur BLUR/USD, the native token of the non-fungible token (NFT) marketplace. The trader suggests that BLUR is in an uptrend following a break through its diagonal resistance.

Read Next: If You Invested $1,000 In Bitcoin When Sam Bankman-Fried Was Arrested, Here’s How Much You’d Have Today

Photo by Tomasz Makowski on Shutterstock