A well-known cryptocurrency analyst predicts that Ethereum (ETH) could quickly rise from $4,000 to $5,000 in a matter of days. Inmortaltellshis, a pseudonymous crypto trader, shared this expectation with his 220,900 followers on the social media platform X, stating that he believes the leading smart contract platform will achieve new all-time highs in a hurry.
According to Inmortaltellshis’ chart, Ethereum is expected to break through the $4,800 barrier. At the time of writing, Ethereum is trading at $4,014, which is approximately 18% lower than its all-time high of $4,848 reached in November 2021.
The analyst also points out that Ethereum, in its Bitcoin pair (ETH/BTC), seems to have reached a cycle bottom after touching a support level following a prolonged downtrend. Inmortaltellshis expresses his opinion that those who are bearish on Ethereum after 1,300 days of a downtrend are the same people who previously disliked Solana in 2022.
In terms of its Bitcoin pair, Ethereum is valued at 0.03996 BTC ($4,003) at the time of writing. Shifting focus to Bitcoin, Inmortaltellshis states that the cryptocurrency should maintain its upward momentum despite a dip after reaching the milestone of $100,000 for the first time ever last week. He refers to a $6,000 dip as a temporary setback.
At the time of writing, Bitcoin is trading at $100,223.
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