One closely followed cryptocurrency strategist believes that Ethereum (ETH) is now on an upward trend after a long period of accumulation.
The analyst goes by the pseudonym Immortal Tells His 206,500 followers on the social media platform
“Wake up baby, the bear market buildup is over.”
Ethereum is trading at $2,670 at the time of writing, up over 6% in the past 24 hours.
Next, merchant Believes There is a price relationship between ETH competitors Solana (SOL) and Avalanche (AVAX) and it expresses bullish sentiment on both tokens.
“If you pump SOL, AVAX will follow. Muscle memory.”
SOL is trading for $113.94 at the time of writing, while AVAX is trading for $41.27.
The merchant as well rising On the Beam (BEAM) blockchain for open source gaming.
“An indefinite amount of BEAM has risen.”
Looking at its chart, the trader indicates that BEAM is in an uptrend after bouncing from the bottom of the trading range at around $0.0170.
BEAM is trading at $0.0294 at the time of writing, up more than 14% in the past 24 hours.
Finally, the trader is… Forecasting Bitcoin (BTC) will see a massive rally when retail traders sitting on the sidelines enter the cryptocurrency market.
“There are no new entrants in the crypto space, and we have reached $48,000, which is scary. Imagine when the crowds come like they did in 2021. We will go much higher soon.
Bitcoin is trading at $49,777 at the time of writing, up more than 3% in the past 24 hours.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note 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 purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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