A widely followed crypto analyst says Ethereum (ETH) and altcoins are preparing for a significant outperformance phase.
Closely followed strategist Credible Crypto tells his 459,600 followers on social media platform
“I don’t think you can go wrong buying spot at these levels – the macro/HTF (higher time frame) charts look absolutely fantastic and, if correct, the decline would be limited to 10-20% max with 100-500%+ upside potential 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 space and relax and if we get to a decline between $2400 and $2800 then you can bring the trade setup down from that level.
Earlier this week, the trader predicted that ETH would reach a price between $10,000 and $20,000 by the end of the market cycle.
“ETH is going to make a strong comeback in the coming months and, ironically, it looks like it’s going to leave behind some of its strongest supporters (the old .eth). In my opinion, $10,000 is a bare minimum once we break out 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 goes on to say that the biggest altcoin season ever will take place after crypto king Bitcoin (BTC) hits its cycle high.
“(I) don’t agree at all with this idea of ’no alternative season’. Do you know why there will be a huge alternate season? Because humans are greedy… That’s why. The biggest alt season we’ve ever seen coming, after the BTC peak.
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