Widely tracked crypto strategists say they are focusing on smart contract platforms Ethereum (ETH) and Solana (SOL). This is because the closing of the month can significantly increase both assets.
Pseudonym analyst Don Alt told his 411,100 Twitter followers that he expects Ethereum to start a rally of nearly 80% if it exceeds its monthly support level.
“Monthly support so far. I bought about $ 1000, but when I close the deal on it this month, I look for a bearish retest of ~ $ 2,200. [take profits] Into. “
At the time of writing, Ethereum was trading at $ 1,237, up 1.62% the day before.
DonAlt is also looking at the end-of-month performance of Ethereum on the Bitcoin pair (ETH / BTC). According to analysts, ETH / BTC could erupt if trading closes around 0.058 BTC ($ 1,242) in June.
“This is a very interesting place for ETH. If we can regain the low range, I think we need to send it completely to BTC. It wouldn’t be very clean to approach resistance.”
Looking at Ethereum challenger Solana, Don Alt says SOL can more than double its value as long as it goes beyond the monthly support level and ends the month.
Aside from all the trolling, this is my long-term view of SOL. The monthly closing price is above $ 43 and there is no reason not to retest weakly to $ 100. Monitor the week you posted earlier this week until the end of the month.
At the time of writing this, SOL is changing hands at $ 40.98.
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Featured images: Shutterstock / sdecoret / monkographic
