Crypto Strategist Predicts Rallies for Ethereum and Three ETH-Based Altcoins – Here Are His Targets

A widely followed crypto analyst believes that Ethereum ($ETH) and three other altcoins in its ecosystem are primed for surges.

Pseudonymous analyst Kaleo tells his 601,300 followers on the social media platform X that Ethereum is threatening to take out its diagonal resistance at $1,900.

According to a chart shared by the analyst, Ethereum may rally to as high as $2,100 following a breakout.

“Considering it is a diagonal season, the fun for $ETH should really start whenever it clears $1,900.”

At time of writing, Ethereum is trading for $1,854.

The crypto strategist is also keeping an eye on the Ethereum scaling solution Arbitrum ($ARB). Kaleo says that $ARB has already flipped a key diagonal resistance into support and may rally to as high as $1.30.

“$ARB also looks primed for new highs after breaking out/retesting a high time frame resistance.

I’d like to see a move back to the mid-August breakdown level (~$1.15) followed by the July highs in the $1.30s.”

At time of writing, $ARB is worth $1.10.

Next up is layer-2 protocol and Arbitrum rival Optimism (OP). According to Kaleo, OP appears to be following in the footsteps of $ARB after taking out a multi-month diagonal resistance.

“Can’t mention $ARB without taking a look at OP…

A pretty clear flag forming beneath it – looks ready for a pushback toward the August highs near $2.00.”

At time of writing, OP is worth $1.529, above Kaleo’s diagonal resistance.

The last Ethereum-based altcoin on the trader’s radar is the native asset of the non-fungible token (NFT) marketplace Blur ($BLUR). Kaleo shares a chart suggesting that $BLUR is in an uptrend after breaking above its diagonal resistance.

“$BLUR looks like it’s ready to start the climb back to $0.50.”

At time of writing, $BLUR is trading at $0.30.