Top Crypto Analyst Says Ethereum Resistance Far From $ 5,000, Charts Bullish Price Path For Bitcoin


A leading cryptocurrency strategist and trader is bullish on Ethereum and Bitcoin as he sees the two biggest crypto assets trigger rallies in the coming days.

In a new strategy session, the trader known in the industry as Cred predicts that Ethereum will break through resistance at $ 4,000 en route to a new all-time high.

“At a minimum, I think if we start breaking down resistance and going up, we’ll go to $ 4,400. Maybe it’s just going to $ 4,600, $ 4,800 [and] $ 5,000. ”

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

As for Bitcoin, Cred says the crypto king is bracing for strong surges while predicting traders will turn bearish whenever BTC completes a milestone.

“It looks like we have a double top here, and that’s probably not going to hold as those double tops rarely hold unless the S&P [500] just mega dumps. Maybe you get like a lateral consolidation in another upward movement. And then people would say, ‘Yes, that was the second stage of the move. There it’s done. But then you have a double top here ($ 52,000). It’s really close to each other. It doesn’t make much sense not to break that. So you do another third push.

If it’s a week, maybe we go down a bit more, but in general it looks like it wants to go up to me.

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

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