showed strength as it spiked from around $ 18,500 on September 7, but he believes it could drop back to the $ 20k region before continuing to rise.

“Looks pretty solid. A close above $ 20,700 will confirm the recovery. Might retest the $ 20k zone to make a higher bottom before continuing to rise.”

eth-btc
The source: Credible/Twitter

Looking at Credible's chart, he predicts will bounce back right after re-testing the $ 20k area. At the time of writing, is changing hands at $ 21,913.

For , Credible said that there is still room to rise in the near term, but he predicts a sharp correction after This achieves your goal.

" bounced around 20% from the support zone and close to reaching my upside target. Again, look for a continuation up to $ 1,800 – $ 1,900 – expect a rejection here and a new local bottom is likely after that. Most people don't want to hear this, but it's possible."

The source: Credible/Twitter

Looking at Credible's chart, he predicts will drop to $ 1,200, i.e. a discount of 36% if ETH reached the $ 1,900 target.

At the time of writing, ETH is being traded at $ 1,712, unchanged on the day.