Inmortal predicts growth for ETH and SOL

According to a recent post by analyst Inmortal, Ethereum is about to reach a new all-time high. Solana’s price is also expected to grow.

The expert suggests ETH is in a consolidation phase. According to Coinmarketcap data from November 21, the second largest crypto coin by market cap has already broken $3,000. It hit its all-time high of $4,700 in 2021.

Inmortal believes that, eventually, Ethereum can easily reach $5,000. However, for this to happen, the cryptocurrency’s consolidation phase should be brief.

“Simple structure, simple trade, simple life,” Inmortal claims.

The analyst also highlights Solana’s price movement. According to Coinmarketcap data from November 20, the coin has already broken $240, which is slightly lower than its all-time high of $259.

Inmortal points out that Solana is on its way to a new peak. Currently, the altcoin is trading at around $235, which is only 9% below the record mark.

“Send Solana to a new record level,” the analyst posted.

Earlier, Cyber Capital founder Justin Bons sharply criticized the current state of the Ethereum ecosystem. He pointed out the blockchain was under the excessive influence of venture companies and developers of L2 solutions, which restricted its growth. Bons based his opinion on the increasing popularity of other networks, including Solana.