Ethereum will shoot to at least $10,000 this cycle according to a crypto expert

A crypto analyst known as Credible Crypto reports on how Ethereum (ETH) could hit five figures in the current cycle.

Toy statements :

ETH to a minimum of $10,000 at the end of the cycle. Realistically well above that. [I'm watching] $20,000 because that takes us to the top of BTC in 2017 and is a nice round target.

As for the reasons why he thinks the price of Ethereum will rise, the analyst claims that:

If I think Bitcoin can double from now on, then ETH should do at least more than that… Even just 3x will get us to $10,000.

However, for now the analyst believes that ETH will be within the range:

If you are patient though, ETH will have its turn, but you probably have to accept the fact that it will fluctuate for a few more months before it really gets ready for the next mega spike.

According to Credible's chart, what will determine whether the price of Ethereum will move or not depends only on the movement of Bitcoin .

The analyst revealed through one of his charts that Ethereum could bottom out near $2,800 if BTC holds above the support above $63,000. However, if BTC breaks down below the support level between $62,000 and $63,000, Ethereum could reach $2,130.