An analyst who accurately called the 2018 floor price for Bitcoin (BTC) thinks rallies are in sight for Ethereum (ETH) and its rival Solana (SOL).
Looking at Ethereum first, pseudonymous trader Bluntz tells his 226,200 followers on the social media platform X that ETH appears to have completed a corrective move on the lower time frame chart.
According to the analyst, ETH also flashed a bullish divergence on the 30-minute chart, indicating that momentum is building up for the leading smart contract platform.
“Even though ETH has been the bane of my existence because ETH/BTC has been a perpetual bag of sh*t, I still think there’s a nice flat setup here on the USD pair with five-wave down now done and a nice low time frame divergence to confirm it.
I think ‘the dip’ is done and we at least go for one more high above $1,880 from here.”
Source: Bluntz/X
Bluntz practices the Elliott Wave theory, a method of technical analysis that attempts to predict future price action by identi
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