A pseudonymous crypto analyst popularly known as Kaleo on Twitter has predicted that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, will soon print a new all-time high above the $5,000 resistance level.
The popular crypto strategist also told his over 410,000 Twitter followers that a red hot altcoin will likely continue its bullish trend.
Read Also: Ethereum (ETH) Replicates Bitcoin Positive Trend to Hit New All-Time High of $4,336
Ethereum (ETH) on the Cusp for a Record High above $5,000
According to Kaleo, ETH, the native token of the world’s largest smart contracts platform, Ethereum, is on the cusp of overcoming its last line of resistance to record a new all-time high.
Captioning an illustrative chart, Kaleo tweeted “ETH / Ethereum. $5,000+ sooner than you think.”
$5K+ sooner than you think 🤝 pic.twitter.com/15ZMaAQNE4
— K A L E O (@CryptoKaleo) October 23, 2021
According to the analyst, in spite of Bitcoin (BTC) resilience, Ethereum against Bitcoin (ETH/BTC) pair still looks bullish.
Kaleo wrote, “Not going to lie, man, alts are responding way better than I expected to Bitcoin>$60,000. Still up in the air for what’ll happen when it’s back in price discovery, but for now – this ETH/BTC chart looks solid.”
Ngl man, alts are responding way better than I expected to Bitcoin >$60K. Still up in the air for what'll happen when it's back in price discovery, but for now – this ETH / BTC chart looks solid. pic.twitter.com/IlrWQet1sr
— K A L E O (@CryptoKaleo) October 23, 2021
Read Also: Billionaire Mark Cuban: Ethereum (ETH) Has the Most Upside Potential for Investment
Kaleo Is Bullish On Solana (SOL)
The analyst also showcased his bullishness on the smart contracts platform Solana (SOL). According to Kaleo, the digital currency is expected to continue its rally above $300 if its immediate resistance around $200 is breached.
Referring to the CEO of crypto derivatives exchange FTX, Sam Bankman-Fried, who tweeted back in January (when SOL was still priced at $3) that he’s willing to buy all of a crypto trader’s positions back, Kaleo wrote:
“The theme of this bull run has been ‘Don’t fade Sam.’ Really doesn’t look like that’s going to change any time soon.”
Read Also: Ethereum Foundation Confirms Date of First-Ever Ethereum 2.0 Upgrade Named Altair
The analyst is also bullish on Solana against Bitcoin (SOL/BTC) pair, stating that “The SOL/BTC chart is absolutely insane.”
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