Crypto analyst Credible believes Ethereum (ETH) could soar to a five-figure price during the current cycle.
Price Targets
- Minimum of $10,000
- Realistically, $20,000
Justification
Credible views ETH as a “higher beta version of Bitcoin.” If Bitcoin doubles from its current price, ETH should do even better. A 3x increase would put ETH at $10,000.
Timeline
Credible predicts a period of consolidation before a breakout. ETH is expected to bottom out at around:
- $2,800 if Bitcoin holds above $63,000
- $2,130 if Bitcoin falls below $62,000
Dependence on Bitcoin
Credible’s chart suggests that Ethereum’s price action will follow Bitcoin’s movement.
