A popular crypto trader believes one top-10 altcoin will likely outperform Ethereum (ETH) once the crypto market takes off on a bull run again.
Pseudonymous analyst Inmortal Crypto tells his 232,000 followers on the social media platform X that Solana (SOL) is already outperforming ETH in the latest market bounce this month, signaling the trend will likely continue.
“SOL outperforming ETH in this bounce. Obvious clues as to which out-performer will be when the bull run resumes.”
Looking at his four-hour charts comparing the performance of SOL to ETH during the month of April, the analyst shows SOL surged from its April low to high by about 65%, while ETH surged this month from its low to high by about 33%.
Next up, the analyst suggests that SOL will soon soar to around $330 after retesting a key support level at around $100.
“In retrospect, it will seem so obvious.”
The analyst also says that ETH is on the verge of a breakout after retesting the $1,500 level, likely repeating a similar late 2024 pattern.
“ETH: In a few months, many will look back to this chart with regret.”
Solana is trading for $151 at time of writing, down nearly 1% in the last 24 hours.
Meanwhile, ETH is trading for $1,791 at time of writing, up 1% on the day.
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Generated Image: Midjourney
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