Ethereum
Trader Says Rival Ethereum Should Perform Well in Coming Months, Updates Outlook on Bitcoin and Celestia
A popular cryptocurrency trader believes that an Ethereum (ETH) his rival is ready to achieve good results in the coming months.
The pseudonymous analyst known as Altcoin Sherpa tell his 217,800 followers on social media platform X that he is “pretty neutral” on Solana (GROUND) in the short term, but more bullish on the asset as 2024 draws to a close.
“I still think the $120-170 area is a decent area to accumulate SOL overall, and I think this segment is doing pretty well in the second half of the year. I don’t really expect this segment to move until the overall market environment improves.”
Source: Altcoin Sherpa/X
SOL is trading at $140.87 at the time of writing. The 5th largest crypto asset by market cap has dropped more than 1% in the last 24 hours.
Altcoin Sherpa also actions his prediction on Bitcoin (Bitcoin).
“I expect a few days of green, after that I have no idea. Next week should tell us if we are back in range or not. Bullish in the short term, but in the medium term, no idea.”
BTC is trading at $57,519 at the time of writing and is down more than 1% in the past 24 hours.
The analyst also said It plans to monitor the native asset of the modular Celestia blockchain network (TIA) for a potential bullish flag.
“Modular is back and very trendy. I am looking to buy TIA at $6.00 or a little less. We will see if/when it arrives.”
Bull flags, as the name suggests, are generally considered bullish technical patterns that involve an upward impulse, then a brief consolidation before another move higher.
At the time of writing, TIA is trading at $6.82. The 66th crypto asset by market cap has fallen by more than 3.5% in the last 24 hours.
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