• Ethereum is one resistance away from potentially hitting $5,000, according to a top crypto analyst, who also predicts a bullish price path for Bitcoin

  • A leading crypto trader and strategist is bullish on Ethereum and Bitcoin, predicting that the two largest crypto assets will rally in the coming days.

    In a new strategy session, the trader known as Cred predicts that Ethereum will break through the $4,000 resistance level on its way to a new all-time high.

    “At the very least, I believe that if we start breaking resistances and moving higher, we will reach $4,400. Perhaps it will only go to $4,600, $4,800, and $5,000.”

    While Cred is bullish on Ethereum, he admits that after hitting his targets, the leading smart contract platform may correct.

    Cred predicts that traders will turn bearish each time BTC completes a leg up, as the king cryptocurrency prepares for strong surges.

    “It appears that we have a double top here, which is unlikely to hold because double tops rarely hold unless the S&P [500] just mega dumps. Perhaps you’ll get a sideways consolidation into a new move up. Then they’d say, ‘Yeah, this was the second leg of the journey.’ So that’s it.’ But then there’s this $52,000 double top. That’s a very close proximity. It doesn’t make sense not to break that rule. So you make a third push.

    If it’s only a week, we might go down a little further, but in general, this appears to want to come up to me.”

    According to Cred, it makes more sense to be bullish on Bitcoin than bearish on the leading cryptocurrency as long as it is above $44,000.

    What's your reaction?