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A popular crypto analyst, known as Kaleo, predicts a potential rise in the value of Ethereum (CRYPTO: ETH) 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 (CRYPTO: ARB), an Ethereum scaling solution. He outlines that ARB may rally up to $1.30 after flipping a key diagonal resistance into support.
The analyst also mentions Optimism (CRYPTO: OP), 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 (CRYPTO: BLUR), 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.
Photo by Tomasz Makowski on Shutterstock
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