A widely followed crypto analyst says Ethereum (ETH) and altcoins are gearing up for a significant outperformance phase.
Up Close, strategist Credible Crypto told his 459,600 followers on social media platform
“I don’t think you can go wrong buying at these levels – the macro/htf (higher time frame) charts are absolutely fantastic and, if correct, the downside would be limited to 10-20% max with a 100-500%+ advantage in the coming months (depending on how optimistic you are about future potential)…
If you can see a valid trade setup from current levels, take it (I did and shared this live a few days ago). Otherwise, buy some spot and cool and if we get the drop to $2,400 to $2,800 you can take out the trade setup from this level. »
Earlier this week, the trader predicted that ETH will reach a price between $10,000 and $20,000 by the end of the market cycle.
“ETH is going to come back with a vengeance in the coming months and ironically, it looks like it’s going to leave some of its strongest supporters (former .eth’s). $10,000 is a bare minimum once we break out in my opinion and I think $20,000 is certainly not unreasonable by the end of the cycle. »
Ethereum is trading at $3,064 at the time of writing, down almost 8% on the day.
Credible continues to say that the biggest altcoin season ever is coming after Crypto King Bitcoin (BTC) found its cycle high.
“(I) strongly disagree with this idea of ’no alt season.’ Do you know why there will be a massive alt season? Because humans are greedy… that’s why. The biggest ALT season we’ve ever seen coming, after BTC Top. »
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