Ethereum And Crypto Markets To See Massive Rallies

According to the latest predicitons in the crypto space, Ethereum could see massive rallies. Checkout the new reports about the price for some important coins.

A popular crypto strategist is predicting a burst to the upside for Ethereum (ETH) and the altcoin markets in general.

Pseudonymous analyst Credible said recently that he believes Ethereum is gearing up for a strong rally.

According to Credible, his view on Ethereum reflects his outlook on the broader altcoin markets.

“Since my last tweet, we did see some relief on ETH but fell short a bit from my upside target.”

He continued and stated this:

“Lots of alts testing key support levels, so I think the ETH chart is a good representation of what I expect on other alts in general over the coming days – some relief to the upside followed by another leg lower as BTC continues to slowly but surely drain liquidity out of alts in preparation for the next leg up on it’s road to new all-time highs this year.”

At the moment of writing this article, ETH is trading in the green and the coin is priced at $1,804.

Regarding Bitcoin (BTC), Credible still holds the contrarian view that the crypto king will likely print fresh all-time highs this year.

“There’s a gap at $20,000 that a lot have been eyeing up and using as justification for a deeper pullback from current levels.

If I’m right about my thesis for new all-time highs in 2023 – that gap should go unfilled.

If you were to ask me which comes first – $20,000 or $70,000+, I’d say $70,000+.”

Bitcoin is also trading in the green at the moment of writing this article, and BTC is priced at $26,838.

Stay tuned for more news from the crypto space and check out the markets as well.