Cryptocurrency expert predicts large-scale growth of Ethereum and Solana in October

A popular crypto strategist believes that Ethereum (ETH) and its rival Solana (SOL) are due for a sharp recovery. The analyst, who goes by the pseudonym Kaleo, told his 647,300 followers on the X platform that his bearish scenario for Ethereum is no longer relevant.

The trader shared a chart showing that ETH has already built a local bottom and is now preparing for a big rally: «The yellow line is cursed. The white line in this thread has been unfavorable and continues to be so. Rewind it back».

Judging by the trader’s chart, he predicts that Ethereum will rise to $ 4,400. At the time of writing, ETH is trading at $ 2,355.

Regarding Solana, Kaleo shares a chart that shows that SOL is now on its way to a new all-time high after holding support at $ 120. «The white lines have always been the way to go. Go back to it.»

The analyst predicts that SOL will rise to a new record high of around $ 400. SOL is currently trading at $ 134. Kaleo also says that the fourth quarter will be incredibly bullish for the cryptocurrency after a long correction period over the past six months.