Cryptocurrency analysts have been making headlines recently as the market experiences fluctuations following the Bitcoin halving event that peaked in March. The market saw a decline, but on May 20, a new surge in prices was sparked by news of a spot Ethereum ETF, prompting investors to share their thoughts. A prominent market figure shared insights on Ethereum and another cryptocurrency.
What Is the Current Price of Ethereum?
A well-known analyst discussed the potential for a second phase of a bull run in cryptocurrencies. Inmortal, the analyst, shared significant statements on social media platform X. Stay updated with the latest technology news on NEWSLINKER.
The analyst suggested that a Federal Reserve decision could kickstart the next major rally in the bull run. Ethereum (ETH) is one of the top altcoins in the analyst’s portfolio, with predictions indicating a possible drop in price before reaching above $4,000.
At the time of writing, Ethereum is priced at $3,849, showing a 1% increase in the last 24 hours. Trading volume sits at $15.2 billion, up by 14.83% in the same period.
TOKEN and ONDO Comments
In addition to Ethereum, Inmortal is keeping a close eye on two tokens. Positive comments were made about TokenFi (TOKEN), a project reflecting the tokenization of real-world assets (RWA). The analyst also mentioned Ondo Finance (ONDO), a notable RWA project from the past.
According to predictions based on shared charts, TOKEN could surpass the $0.16 resistance level and reach $0.24.
At present, TOKEN has exceeded the $0.16 resistance level, trading at $0.1683 with a 14% increase in the last 24 hours.
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Disclaimer: The information provided in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
