Ethereum Poised to Explode Up to 470% Amid ‘Mega Pump’ Arrival, Says Crypto Analyst – Here’s the Timeline

A widely followed cryptocurrency analyst and trader believes that Ethereum (ETH) could increase by several percentage points from the current price.

The pseudonymous analyst known as Credible tell his 396,700 followers on social media platform X that Ethereum could reach a five-figure price during the current cycle.

“ETH at $10,000 minimum by end of cycle.

In reality, it’s significantly higher than that.

I like $20,000 because it matches Bitcoin’s 2017 high and is a nice round number to target after passing $10,000.

Ethereum, which is trading at $3,510 at the time of writing, would need to appreciate between 185% and 470% from the current level to reach credible price targets of $10,000 and $20,000, respectively.

On the justifications for his bullish thesis on Ethereum, the pseudonymous analyst said,

“Just to put it simply, ETH is a higher beta version of Bitcoin, if I think Bitcoin can be 2x from here realistically, then ETH should do at minimum, more than that. Even a simple tripling would net us $10,000.

But for now, the analyst said ETH is likely to trade within a certain range before breaking out.

“If you are patient, ETH will have its turn, but you need to be comfortable with the fact that there are still a few months before it is truly ready for the next mega-pump to the upside.”

Source: Crypto/X credible

Based on Credible’s chart, it seems to suggest that Ethereum’s price action will depend on the movement of Bitcoin (BTC).

According to the pseudonymous analyst’s chart, Ethereum is expected to bottom at around $2,800 if Bitcoin’s support level is above $63,000. But if Bitcoin falls to the $62,000-$63,000 support level or lower, Ethereum will likely find a floor at around $2,130.

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