By Solomon Odunayo
A pseudonymous crypto analyst and trader popularly known as Credible Crypto has stated that Ethereum (ETH), the second-largest cryptocurrency by market capitalization is set to rally just as Bitcoin moved from under $20,000 to $60,000 price area within a few weeks.
In a series of tweets, Credible Crypto pointed out that Ethereum (ETH) is currently following the path that pushed Bitcoin (BTC) to triple its price after breaking above the all-time high set in January 2018.
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Credible Crypto tweeted, “Remember that time when BTC broke 20k and then flew to 60k in a matter of weeks? Well now ETH wants to play follow the leader. 3k is just the start.”
Remember that time when BTC broke 20k and then flew to 60k in a matter of weeks? Well now $ETH wants to play follow the leader. 3k is just the start.
— Credible Crypto (@CredibleCrypto) May 3, 2021
Credible Crypto Sets $10,000 Target for Ethereum (ETH)
In the same thread of tweets, a user asked Credible Crypto to state a price target for Ethereum (ETH). In response, he revealed that he expects the leading cryptocurrency to reach $8,000-$10,000.
At least 8-10k.
— Credible Crypto (@CredibleCrypto) May 3, 2021
At the time of writing, Ethereum (ETH) is trading at $3,516.15, with about a 4% price upsurge in the last 24 hours.
So, based on the trader’s price target, ETH needs to rise between 130% and 190% to make his prediction come to pass.
What Credible Crypto Has To Say about XRP Price Trend
As for XRP, the popular trader says it will follow the trend of Ethereum (ETH) to new highs. Credible Crypto revealed that XRP is now up 60% from his last purchase, stating that he would increase the XRP in his portfolio if it drops from its current price.
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Credible Crypto tweeted, “Up nearly 60% from where my bids were filled earlier in the “ideal bid” region. Now pushing into H4 supply. Locking in some profits here and will reload if we get a dip. $XRP.”
Up nearly 60% from where my bids were filled earlier in the "ideal bid" region. Now pushing into H4 supply. Locking in some profits here and will reload if we get a dip. $XRP https://t.co/iC5LsZ2FFX pic.twitter.com/jv8JuKp3Rf
— Credible Crypto (@CredibleCrypto) May 1, 2021
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The top trader also pointed out that Bitcoin (BTC) is currently facing strong resistance at the $60,000 level, stating that there is a possibility for the price of the flagship cryptocurrency to fall to $52,000 region.
At the time of press, Bitcoin (BTC) is trading at $57,768.35, with a relatively 4% price uptrend based on 24 hours estimation.
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