A closely followed crypto analyst believes that Ethereum (ETH) is potentially on the verge of plummeting against Bitcoin (BTC).
Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000.
“ETH lol. This is the chart I had months ago. The true ETH/BTC bottom is probably at like 0.025-0.03 BTC.”
ETH/BTC is trading for 0.03412 BTC ($3,363), up 4.57% in the last 24 hours.
Next up, the analyst predicts that ETH rival Solana (SOL) will print new all-time highs.
“SOL: I know many people that own zero SOL. It’s too high market cap for them. But it’s still the gateway to the biggest casino in crypto and will go higher…
SOL you can top blast and feel fine about this in my opinion. It’s going to go higher this cycle. Gambling is going to get way more absurd.”
Solana is trading for $256 at time of writing, up 8.5% in the last 24 hours.
Next up, the analyst warns that Grass (GRASS), a reward token for users sharing unused internet bandwidth with the network, may soon have a sharp correction below the $2.06 level.
“GRASS not going to pretend like I traded this but nice bounce off the .50 Fibonacci retracement region. Still think it could be an interesting one to trade, but wouldn’t be surprised to see a deeper pullback later on this one.”
Grass is trading for $2.41 at time of writing, up 14.3% in the last 24 hours.
Lastly, the analyst says that real-world asset (RWA) MANTRA (OM) may retrace to Fibonacci levels before rallying further. Fibonacci levels, based on Fibonacci numbers, are used to determine potential points of support or resistance.
“OM is still insanely strong but I think a cooldown is needed for the next move. Would like to see price pause a bit and chill around the $2.50-$2.90 region. I’ve got a bag for RWA exposure.”
OM is trading for $3.80 at time of writing, down 1.5% in the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
