A well-known crypto trader believes that Ethereum (ETH) is preparing for a significant rally and expresses optimism about two other altcoin projects. Inmortal, an analyst with a large following of 212,000 on the social media platform X, suggests that ETH is gearing up for its “real” rally after rebounding from support near $2,900. He presents a chart that indicates Ethereum is on the verge of rallying towards his target of about $3,600. Currently, Ethereum is trading at $3,226. In addition to Ethereum, Inmortal is bullish on Seedify.Fund (SFUND), an incubator and launchpad for blockchain gaming. He highlights the double bottom and a 50% dip into support, noting that the last time SFUND experienced this, the price surged by 100%. Inmortal suggests that once SFUND surpasses the $3 level, something magical will happen. As of now, SFUND is trading at $3.12 with a market cap of $197.841 million. The trader is also keeping an eye on Radix (XRD), a DeFi-focused layer-1 blockchain project. Inmortal states that XRD has undergone more than 500 days of accumulation, indicating that a breakout to the upside is overdue. He confirms that he has made a purchase, emphasizing the extended accumulation period. Currently, XRD is valued at $0.055, which is still more than 91% below its all-time high of $0.6513. It’s important to note that the opinions expressed by Inmortal are not investment advice, and investors should conduct their own research before making high-risk investments in cryptocurrencies or digital assets.
