CandleFocus Trader Says ‘Moment of Truth’ Is Here for Ethereum (ETH), Sees Current Bitcoin Correction As Healthy for BTC
2025-01-29
Author: Content Editor
Crypto analyst Credible believes that Ethereum (ETH) is at a critical point near $3,000 and may carve out a local bottom before initiating a new rally. He emphasizes the importance of ETH's immediate support at $3,000, as a drop below $2,800 could be detrimental. Credible predicts that ETH could potentially rally above $4,000 after hitting this bottom. In regards to Bitcoin, he sees the current correction as a positive development, setting the stage for a potential short squeeze that could fuel more rallies. Credible suggests that BTC may experience one more leg down before launching a parabolic upside move towards $150,000.
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