Thursday, June 17, 2021

Credible Crypto Says $3,000 Is Just the Start for Ethereum, Sets $10,000 Price Target for ETH

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.

Read Also: Raoul Pal: Ethereum (ETH) Has Outperformed Bitcoin (BTC) by 250% since Inception

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.”

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.

Read Also: Ethereum (ETH) Surpasses $2,000 for the First Time since 20th February. Would the Bulls Maintain the Trend?

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.

Read Also: Ethereum (ETH) Is Now Larger Than Nestle, Bank of America, Mastercard as the Surge Continues

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.”

Read Also: Here is Why Ethereum (ETH) Nodes Got Stuck after Berlin Hard Fork Implementation

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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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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