tl;dr
Pseudonymous analyst Inmortal warns Ethereum bulls to defend the $3,300 level, predicting a crypto bull run in Q4. He highlights potential surges in BONK and EigenCloud (EIGEN), citing technical analysis and institutional interest as key drivers for the market's next phase.
**Ethereum Bulls Must Defend Crucial Price Area as Analysts Predict Crypto Bull Run in Q4**
Pseudonymous crypto analyst Inmortal, known for his sharp insights and large following on X (formerly Twitter), has issued a warning to Ethereum (ETH) bulls, emphasizing the importance of holding a critical price level to sustain the asset’s bullish momentum. His analysis comes amid ongoing debates about whether the current crypto bull market has reached its peak, with Inmortal confidently asserting that the rally is far from over.
### Ethereum’s Key Price Level: $3,300 as the "Line in the Sand"
Inmortal highlighted that Ethereum’s long-term bullish trend hinges on its ability to remain above the **$3,300** level, which he refers to as the “2025 open.” This price point, he argues, is a pivotal threshold for bulls to protect. “Testing weekly demand. 2025 Open at $3,300 is the line in the sand,” he wrote, underscoring the significance of this level in determining the asset’s trajectory.
Despite widespread speculation that the crypto bull market may have peaked, Inmortal remains optimistic. He stated, “Bull market is not over… I don’t know where it will bounce or how much it will retrace. I just know two things. It’s not over. Prices will be higher in Q4.” His confidence in a continued upward trend for Ethereum and the broader crypto market reflects a belief in underlying fundamentals and potential institutional adoption.
### Meme Token Bonk (BONK) Eyes Surge Amid Whale Activity
In addition to Ethereum, Inmortal turned his attention to the altcoin sector, particularly the meme token Bonk (BONK). He noted that BONK’s price could surge if it maintains a level above **$0.000018**, a critical support zone. “Checking top memecoins whale inflows. I feel like they know something I don’t…” he wrote, hinting at the possibility of significant institutional or large investor activity driving the token’s performance.
The analyst’s comments align with recent trends showing crypto whales accumulating BONK over the past few weeks. This accumulation, he suggests, may signal a bullish outlook for the token, which has seen increased popularity due to its community-driven appeal and speculative nature.
### EigenCloud (EIGEN) Gains Attention as a Promising Project
Inmortal also expressed bullish sentiment toward EigenCloud (EIGEN), a platform aiming to provide “verifiability as a service” for both on-chain and off-chain applications. He pointed to three key factors driving his optimism:
1. **Institutional Interest**: The project’s focus on verifiable cloud services appeals to institutional investors seeking transparency.
2. **Partnership with Japan’s Largest Telecom**: The involvement of a major telecom company in Japan’s Web3 arm signals growing real-world adoption.
3. **Technical Setup**: EIGEN’s price action, including a daily candle that “engulfed” the previous one, suggests strong momentum.
Inmortal set a target of **$3** for EIGEN, citing both technical and fundamental factors. “EIGEN price action says it all,” he concluded, reinforcing his confidence in the project’s potential.
### The Bigger Picture: A Bullish Outlook for Crypto in Q4
Inmortal’s analysis reflects a broader narrative among some crypto traders and analysts who believe the market is poised for a resurgence in the final quarter of the year. While skepticism about a potential top persists, his emphasis on key price levels, whale activity, and project fundamentals highlights the importance of technical analysis and market sentiment in navigating crypto’s volatile landscape.
As Ethereum bulls watch the $3,300 threshold closely and investors keep an eye on altcoins like BONK and EIGEN, the coming months could prove decisive for the crypto market. Whether the bull run continues or faces a correction, Inmortal’s insights offer a roadmap for traders to stay informed and prepared.
In the ever-evolving world of crypto, where narratives shift rapidly, the ability to identify critical support levels and emerging opportunities remains a vital skill for investors. As Inmortal’s analysis suggests, the story of crypto’s next chapter is far from over.