Analyst Forecasts Price Surge For Ethereum And Three Altcoins: 'Fun...Should Really Start'

A popular crypto analyst, known as Kaleo, predicts a potential rise in the value of Ethereum ETH/USD and three other altcoins from its ecosystem.

The anonymous crypto strategist has shared with his 601,300 followers that Ethereum is on the brink of breaking its diagonal resistance at $1,900, reported The Daily Hodl. He suggests that post-breakout, Ethereum could potentially climb to around $2,100.

"Considering it is a diagonal season, the fun for ETH should really start whenever it clears $1,900,” he stated in a post in X, formerly Twitter.

Kaleo is also monitoring Arbitrum ARB/USD, an Ethereum scaling solution. He outlines that ARB may rally up to $1.30 after flipping a key diagonal resistance into support.

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Considering it's diagonal szn, the fun for $ETH should really start whenever it clears $1900 pic.twitter.com/LFdPnq6z5J

— K A L E O (@CryptoKaleo) November 3, 2023

The analyst also mentions Optimism OP/USD, a layer-2 protocol and potential competitor of Arbitrum. Kaleo indicates that OP is following a similar trajectory to ARB, having broken past a multi-month diagonal resistance.

The last altcoin on Kaleo’s radar is Blur BLUR/USD, the native token of the non-fungible token (NFT) marketplace. The trader suggests that BLUR is in an uptrend following a break through its diagonal resistance.

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Photo by Tomasz Makowski on Shutterstock