Credible Crypto explains why Ethereum is finally about to have its own moment after spending 8 years living in Bitcoin's shadow.
Key Points
Key Highlights:
- Every big Ethereum move since 2017 was just Bitcoin pulling the whole market up with it, Ethereum never actually had its own bull run, until now
- The chart pattern Credible Crypto drew up back in 2022 has played out almost perfectly, hitting the exact buy zone he predicted and printing the early signs of a major move up
- Even in the most conservative scenario where Bitcoin just sits between 60 and 80K, Ethereum reaching its old highs against Bitcoin still puts the price somewhere between 11 and 20K
- Michael Saylor just admitted he may sell over a billion dollars worth of Bitcoin to cover his dividend payments, breaking his famous never sell promise and making Bitcoin look riskier than it used to
Takeaway Eight years of going nowhere against Bitcoin, a textbook bottoming pattern, and the biggest holder of Bitcoin suddenly looking shaky. Everything is pointing the same direction and $20,000 Ethereum is the logical destination not a dream.
