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Home»Analysis»Ethereum Is Preparing for a ‘Face-Melting’ Rally Later This Year, According to Crypto Trader – But There’s a Catch
Analysis

Ethereum Is Preparing for a ‘Face-Melting’ Rally Later This Year, According to Crypto Trader – But There’s a Catch

2025-01-13No Comments2 Mins Read
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A widely followed crypto analyst says the top altcoin Ethereum (ETH) is gearing up for a massive rally later this year.

In a new thread, pseudonymous crypto trader Credible Crypto tells With its 453,200 followers on the social media platform

‘[Ethereum] is preparing for a blood-curdling rally later this year. Just be patient and take advantage of the dips for the time being. $2,500-$2,800 is the dream buying zone if we manage to get it on track.”

Credible Crypto Goes Further remark that Ethereum has almost reached its downside target.

“Roughly 80% of my downside target now – I’m seeing some LTF (lower time frame) absorption here, so we may be due for some relief before we hit the lows. Let’s see.”

Gg_bCuKWIAA4vh1
Source: Credible Crypto/X

Looking at the trader’s chart, he seems to predict that ETH will fall to $3,000.

Ethereum is trading at $3,255 at the time of writing, down marginally over the past 24 hours.

We continue with the dog-themed memecoin dogwifhat (WIF), the trader say he eventually sees the meme drop below a psychological price point.

“My last message [about WIF] was when I closed long it at $2.85 because it looked weak. I was hoping for a move to the equal highs for a short to $1, but we melted. Currently it’s trading in the mid-range where I think we could see some relief, but I’m not interested in it anymore.

I’m surprised we’ve left those flat highs behind, so maybe we’ll pull back, but ultimately I think we’ll see sub-$1 sooner or later.”

Ggy_7ioWQAA3eBf
Source: Credible Crypto/X

WIF is trading at $1.50 at the time of writing.

See also  Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

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