Crypto Trader Reveals Schedule for ‘Full Send’ Market Surges, Revises Predictions for Ethereum and Solana
A crypto analyst is expressing optimism for the end of the year, updating his perspectives on Ethereum (ETH) and Solana (SOL).
Altcoin Sherpa, a pseudonymous trader with a substantial following on the X social media platform, anticipates a bullish phase for crypto towards December or early next year.
He shares, “Personally I’m bullish going into late Q4 but until that time, I honestly have no idea. Still expecting some chop for Sept/October and then some fakeouts in November. Full send by December/January 2024 though.”
Regarding Ethereum, Altcoin Sherpa is not yet inclined to turn bullish on ETH. However, he observes that the price has been undergoing corrections within a high-volume range, indicating robust support levels for ETH.
Analyzing the ETH chart, he remarks, “ETH the only good thing I see about this chart is that price is about to hit a high volume node around the $2,200 – $2,400 level. Everything else about ETH is meh..”
As of the current moment, Ethereum is valued at $2,438.
Altcoin Sherpa is also monitoring Solana, a significant competitor to Ethereum. According to his analysis, Solana’s support at $125 seems weakened after multiple interactions.
He notes, “SOL at $125 seems like a fine area but this support region looks battered; would definitely save some $ for lower levels like $110 or lower. If trading, it’s better to be late than early in these types of charts, in my opinion. Meaning, it’s better to buy on the way up than knife catch.”
At present, SOL is trading at $130.25.
In conclusion, the analyst’s positive outlook for the crypto market towards the end of the year, particularly for Ethereum and Solana, reflects a cautious optimism based on technical analysis and market trends.
