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Ethereum

Top Crypto Trader Says Ethereum (ETH) Dip Is an Opportunity, Predicts Explosive Move for This Altcoin

A well-liked cryptocurrency analyst is bullish on Ethereum (ETH) and singles out one altcoin which may outperform different large-cap crypto belongings.

Pseudonymous crypto dealer Smart Contracter tells his 204,800 Twitter followers that Ethereum retracing to barely above $3,000 after surging to a excessive final reached in mid-January is an “opportunity.”

Smart Contracter says his bullish thesis is constructed on Ethereum’s price is resting above the most important shifting averages (MA) together with the 50-period MA on the four-hour chart.

“Lot of individuals freaking out once more right here however I’m liking ETH.

Already cleared all the most important four-hour shifting averages and appears like a pleasant clear take a look at of the 50 MA right here.

Viewing the pattern as up for the time being and this dip as an alternative.”

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Source: SmartContracter/Twitter

Ethereum is buying and selling at $3,109 at time of writing.

Next up is the native token of Avalanche (AVAX), a wise contract-enabled blockchain. According to Smart Contracter, AVAX may perform comparatively higher than different large-cap crypto belongings by market cap after withstanding a sell-off following its current listing on the South Korean crypto change Upbit.

“Seeing AVAX handle to carry its Upbit itemizing pump and never get light appears fairly bullish to me.

I feel it has a crimson scorching probability at being the primary top-10 coin to achieve its prior all-time excessive.”

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Source: SmartContracter/Twitter

Avalanche is buying and selling at $90.36 at time of writing and is at present the tenth–largest crypto asset by market cap. It is about 38% down from its all-time excessive of roughly $145. The all-time excessive was reached in November of 2021.

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Featured Image: Shutterstock/klyaksun

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