22. September 2023

• Crypto trader Altcoin Sherpa predicts Ethereum could go up by about 59%.
• Altcoin Sherpa also analyses Solana (SOL) and predicts that it could drop by 22%.
• The bankruptcy process of the FTX crypto exchange could increase the supply of Solana in the market.

Crypto Trader Predicts Ethereum Will Explode

A widely followed analyst, Altcoin Sherpa, is expressing bullish sentiment on Ethereum (ETH). He tells his 196,100 Twitter followers that it could rise to $3,000 before correcting.

Predicted Timeline

Altcoin Sherpa projects that Ethereum will rise above $2,000 in the third quarter and top $2,700 in the fourth quarter before reverting to around $1,250.

Analysis on Solana ( SOL )

Altcoin Sherpa also offers his analysis on Solana (SOL) saying that it could plummet by about 22% after reaching a key resistance level and warns of an increased supply due to the ongoing bankruptcy process of FTX crypto exchange.

Current Market Price

Ethereum is trading at $1,890 at time of writing and Solana is trading at $22 at time of writing.


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