Ethereum And Solana To Continue Rallying, Analyst Says

The crypto market has rallied during the past few days, and this has an optimistic sentiment popping up in the crypto space. Check out the latest reports about Ethereum and Solana below.

A closely followed crypto strategist reacts to the recent market-wide rally, updating his predictions for a trio of digital assets.

Pseudonymous crypto analyst DonAlt addressed the potential price of Ethereum (ETH) after the leading smart contract platform went vertical on the Bitcoin (BTC) trading pair.

“Full send, as expected. It already retraced 40% of the bear market move (on a relative basis) and doesn’t look weak yet either.”

He continued and said this:

“Don’t really see a good reason for it to get anything more than a temporary rejection here. I’ll remain bullish.”

He also made sure to explain the fact that while he’s already sitting on 50% paper profits after ETH’s latest surge past $1,000, he’s eyeing a push above $1,800 to perhaps as high as the $2,200 to $2,600 zone.

“I wanted a $1,000+ close on ETH, I got one. Up 50% on this position also, still not willing to sell. $1,800 is an interesting area on the low timeframes but given the merge hype has just started, I’m probably going to hold till my target is hit or I’m invalidated.”

Regarding the price of Solana, the analyst said that would rather hold with an eye on an $80 exit point rather than take profits now.

“Up ~50% on my position and not really feeling any rush to sell. It’s at range high here, the easy obvious trade is done but I’m willing to stick my neck out and hold a while longer. If nothing drastic changes I’ll be targeting $80.”

Stay tuned for more news, and make sure to keep your eyes on the market as well.