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Saturday, May 25, 2024
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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 (CRYPTO: ETH) 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 (CRYPTO: ARB), 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



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