A pseudonymous analyst, known in the industry as Kaleo, has 537,300 Twitter followers, and Ethereum is likely gearing up for a massive rally to see its value exceed $4,000 by July 2023. says.
“More bullish price action will be loaded soon.”
Looking at analyst charts, it appears that Kaleo is forecasting a significant correction to below $2,000 per ETH after major smart contract platforms hit their targets.
At the time of writing, ETH is trading at $1,608, up 3.5% on the day.
As for Avalanche, Ethereum rival Kaleo expects the coin to surge 185% towards its target of $52 as it believes the coin has finished its months-long accumulation period.
“Winter is here.”
At the time of writing, AVAX is worth $18.22.
Another coin that Kaleo believes is preparing a big move is decentralized exchange SushiSwap (Sushi). His 174% jump over SUSHI’s target sounds “reasonable,” according to analysts.
“SUSHI has fallen 96% from all-time highs to bear market lows…a rally to the $5s is pretty reasonable.”
At the time of writing, SUSHI is trading at $1.82.
When it comes to Bitcoin, Kaleo thinks: Bitcoin Ready for a quick rally to $21,600.
“Hurry up and send me one more pair.”
Bitcoin is trading at $20,707 at the time of writing.
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