An analyst who is widely respected in the crypto world says Ethereum (ETH), a top altcoin, will have a massive rally at the end of this year.
Credible Crypto, a pseudonymous cryptocurrency trader on social media platform X tells 453,200 of his followers that smart contracts are set to soar – before they dip and present a solid investment for long-term investors.
“[Ethereum] will have a face melting rally in the second half of this year. Take advantage of these dips while you can. If we can get the car down the road, $2,500 to $2800 would be the ideal price range.
Credible Crypto continues to say that Ethereum is nearing his target.
Let’s see.” Let’s see.”
The trader seems to be predicting that ETH is going to drop below $3,000.
At the time of this writing, Ethereum was trading at $3,255, which is a slight decrease from its previous 24 hour price.
The trader believes that the price of the memecoin WIF, which is a dog meme, will eventually fall below a psychological level.
“My previous post [about WIF] is when I sold a long position at $2.85, because the stock looked weak. We melted. I had hoped for an equal-highs move for a down to $1 short but it didn’t happen. The price is currently trading in the mid-range, where I believe we may see some relief. However, I am not interested anymore in a long.
“Surprised we left those same highs behind so perhaps we return for them, but I believe sooner or later there will be sub-$1.”
WIF currently trades for $1.50 as of the time this article was written.
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Sources of Images: Pixabay Creative Commons DALLE3
The post Ethereum Set Up for a “Face-Melting” Rally This Year According to Crypto-Trader But There’s A Catch might be updated as new information becomes available.
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