A well-known cryptocurrency analyst predicts that Ethereum (ETH) could reach $5,000 from its current price of $4,000 in just a few days. Inmortaltellshis, a pseudonymous crypto trader, shares this expectation with his 220,900 followers on the social media platform X, stating that he believes the leading smart contract platform will quickly reach new all-time highs.

Inmortaltellshis chart shows that Ethereum is likely to surpass the $4,800 resistance level. Currently, Ethereum is trading at $4,014, which is approximately 18% lower than its previous all-time high of $4,848 reached in November 2021.

The trader also notes that Ethereum’s value in its Bitcoin pair (ETH/BTC) seems to have bottomed out after touching a support level following a long downtrend. He emphasizes that after 1,300 days of a downtrend, it is difficult to remain bearish on Ethereum. He believes that the same people who currently dislike Ethereum were the ones who disliked Solana in 2022, expressing his personal opinion on the matter. At present, ETH/BTC is valued at 0.03996 BTC ($4,003).

Moving on to Bitcoin, Inmortaltellshis suggests that the cryptocurrency should maintain its upward momentum despite experiencing a dip after reaching the $100,000 milestone for the first time ever last week. He refers to the dip as a “$6,000 wick.” Currently, Bitcoin is trading at $100,223.

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