Rallies Incoming for Ethereum and One ETH Rival, According to Crypto Strategist – Here Are His Targets

Rallies are predicted for Ethereum (ETH) and its rival, Solana (SOL), by a well-known crypto strategist. Loma, the pseudonymous analyst, believes ETH will continue to climb slowly and eventually reach its all-time high of around $4,871. Loma advises patiently trailing stops under the $3,200 area and considers a close below that level as a potential signal for a top. Current ETH price sits at $3,963, experiencing a 1.33% decline over the past 24 hours. Loma also expresses a bullish stance on SOL, stating that dips in its price are opportunities to accumulate. Any consolidations forming in the $140s or mid $130s are deemed advantageous for compounding. At present, SOL is valued at $143.52, with over a 2% decrease in the last day. Loma suggests that the broader crypto market may undergo a period of consolidation before the next upward movement. The analyst wonders if the market will experience a one-month sideways cooldown period for traders to build out positions.