Ethereum and these three altcoins are about to surge, says analyst Kaleo

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Prominent cryptocurrency analyst Kaleo told his 601,300 followers on social media platform will be eliminated.

According to a chart compiled by Kaleo, Ethereum could rise to $2,100 after the breakout.

“The fun really starts when ETH breaks $1,900.”

Analyst Kaleo targets ETH and three Ethereum-based altcoins

Source: Caleo

As of this writing, the ETH price currently stands at $1,854.

In addition, Kaleo also focuses on the Ethereum Arbitration (ARB) expansion solution. He said ARB has turned key diagonal resistance into support and a rebound to $1.30 is possible.

“ARB also looks poised to make new highs after breaking/retesting high time frame resistance. I would like to see prices return to the mid-August breakdown levels (around $1.15), followed by the July high of $1.30.”

Analyst Kaleo targets ETH and three Ethereum-based altcoins

Source: Caleo

At the time of writing, ARB was worth $1.10.

Next is the Layer-2 protocol, Arbitrum’s competitor is Optimism (OP). Kaleo said OP appears to be following in ARB’s footsteps after overcoming months of diagonal resistance.

“Can’t mention ARB without looking at the OP… a very clear flag forming below it – looks poised to push towards August highs near $2.”

Analyst Kaleo targets ETH and three Ethereum-based altcoins

Source: Caleo

At the time of writing, OP is worth $1,529, above Kaleo’s diagonal resistance.

The last Ethereum-based altcoin that Kaleo focuses on is Blur (BLUR), an asset native to the NFT market. He shared a chart showing BLUR in an uptrend after breaking out of diagonal resistance.

“BLUR looks ready to start a recovery towards $0.50.”

Analyst Kaleo targets ETH and three Ethereum-based altcoins

Source: Caleo

As of this writing, BLUR is trading at $0.3.

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Mr. Jiao

According to Dailyhodl



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