A top analyst says he’s keeping an eye on the smart contract platforms Ethereum (ETH) and Solana (SOL), as he believes that, depending on how the month ends, both assets could experience significant price increases.
Anonymous analyst DonAlt tweets to his 411,100 followers that if Ethereum is able to hold above its monthly support level, it would likely begin a roughly 80% surge.
According to the Top Analyst
“Monthly support holding so far. I bought around $,1000 and if we close this month above there, I’ll be looking for a bearish retest of ~$2,200 to [take profits] into.”
Top analyst DonAlt tweets to his 411,100 followers that if Ethereum is able to hold above its monthly support level, it would likely begin a roughly 80% surge.
DonAlt is also monitoring how Ethereum performed at the conclusion of the month in its Bitcoin pair (ETH/BTC). The expert claims that ETH/BTC may explode if it concludes June at 0.058 BTC ($1,242).
DonAlt predicts that Solana, an Ethereum rival, will more than double in value if it closes the month above a monthly support level.
This is my SOL longer-term perspective, trolling and all. I don’t really see any reason not to bearishly retest $100 given the monthly close of >$43. I’ll be watching the weekly that I posted earlier this week until the monthly closes.
SOL is now trading for $40.98 at the time of writing.