Credible Crypto Bullish On Ethereum Which Will Lead The Market Recovery

According to a top cryptocurrency analyst and trader, known as Credible Crypto, Ethereum (ETH) will reignite the bull market.

Ethereum (ETH)

In a new video Credible Crypto looked into Ethereum’s strong performance against Bitcoin (ETH/BTC) amid the brutal correction. ETH’s bullish chart is a sign that the markets have not turned bearish.

“I’m bullish on Ethereum and also in general, as long as we’re holding this monthly support 0.075 BTC. I want to show you guys on this massive drop that we just saw, Ethereum/Bitcoin is holding up beautifully… This is when alts take the lead, when alts start shining, guys. 

If this was a bear market, Ethereum/Bitcoin would not be popping right now when Bitcoin’s correcting. It would be dropping very, very hard. It’s holding support. We’re pushing up – bullish.

I think alts are going to rebound off of this drop harder than Bitcoin. I think, particularly, Ethereum is going to do it exceedingly well.”

At time of writing, ETH against BTC is trading at 0.08474, with 1% gains on a daily chart.

Bitcoin (BTC)

Regarding Bitcoin (BTC), the analyst also predicted that a Bitcoin would crash one more time before igniting the last leg of the bull run, which he suggests will be longer than many expect.

“I believe we’re now wrapping up that flat correction. The expectation is that we’re putting in a higher low above the lows at $30,000 and everything above that is fine, and I think that is what we’re seeing right now.”

At time of writing, BTC is trading at $48,820, with 15% loss on a weekly chart.