Ethereum Could Break $5,000 ‘In a Few Days,’ Says Crypto Trader

An anonymous crypto analyst predicts a rapid surge in Ethereum (ETH) from $4,000 to $5,000 within a few days.

Known as Inmortal, the trader shared on the social media platform X to his 220,900 followers that he anticipates Ethereum to break its previous all-time highs quickly.

“It took 27 days to go from $3,000 to $4,000. It will take only a few days to go from $4,000 to $5,000. ETH.”

According to Inmortal’s chart, Ethereum is expected to surpass the $4,800 mark.

As of the current moment, Ethereum is trading at $4,014, a decrease of about 18% from its peak of $4,848 in November 2021.

The analyst also pointed out that Ethereum in its Bitcoin pair (ETH/BTC) seems to have reached a cycle bottom after hitting a support level following an extended downtrend.

“Imagine being bearish after 1,300 days of downtrend. The same people who hate ETH now [are the] same people who hated [Solana] in 2022. Just my opinion.”

ETH/BTC is currently valued at 0.03996 BTC ($4,003).

Shifting focus to Bitcoin, Inmortal suggests that Bitcoin is likely to maintain its upward trajectory despite a slight drop after reaching the historic $100,000 milestone last week.

“$6,000 wick. That was your dip.”