Ethereum Setting Up for a ‘Face-Melting’ Rally Later This Year, According to Crypto Trader – But There’s a Catch
A widely followed crypto analyst says that the top altcoin Ethereum (ETH) is setting up for a gigantic rally later this year. In a new thread, pseudonymous crypto trader Credible Crypto tells his 453,200 followers on the social media platform X that the smart contract platform looks set to skyrocket – but not before it dips and presents a solid entry for long-term holders. ‘[Ethereum] is setting up for a face-melting rally later this year. Just be patient and take advantage of the dips for now. $2,500-$2,800 is the dream buy zone if we manage to get it down the road.” Credible Crypto goes on to note that Ethereum is close to hitting his downside target. “Now about 80% to my downside target – seeing some LTF (lower time frame) absorption here so maybe we are due for some relief before taking the lows. Let’s see.” Source: Credible Crypto/X Looking at the trader’s chart, he seems to predict that ETH will drop to support at...