The pseudonymous analyst known in the industry as Kaleo tells his 537,300 Twitter followers that Ethereum is likely gearing up for a massive rally that’ll see its value rise above $4,000 by July 2023.
“More bullish price action loading soon.”
Looking at the analyst’s chart, it appears that Kaleo is predicting a deep correction back to below $2,000 per ETH after the leading smart contract platform reaches his target.
At time of writing, ETH is trading at $1,608, a 3.5% increase on the day.
As for Avalanche, Kaleo expects the top Ethereum rival to pull off a 185% surge toward his target of $52 as he believes the coin has ended its multi-month accumulation period.
“Winter is upon us.”
At time of writing, AVAX is valued at $18.22.
Another coin that Kaleo believes to be setting up for a big run is decentralized exchange SushiSwap (SUSHI). According to the analyst, a 174% surge toward his target for SUSHI sounds “reasonable.”
“SUSHI capitulated 96% down from its all-time high to its bear market low… A relief bounce back to the $5 range seems pretty reasonable.”
At time of writing, SUSHI is changing hands for $1.82.
As for Bitcoin, Kaleo thinks BTC is ready for a quick rally to $21,600.
“Send it another leg higher with haste.”
At time of writing, Bitcoin is changing hands for $20,707.
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