TOP Analyst Says ETH Drop is an “Opportunity”, predicts an explosive move for this altcoin

A prominent analyst is bullish on Ethereum (ETH) and picks an altcoin that could outperform other large-cap cryptocurrencies.

The person known in the industry as a smart contracter told his 204,800 Twitter followers that Ethereum’s fall below $3,000 after rallying to highs last seen in mid-January was an “opportunity.”

Smart Contracter said his bullish thesis is based on Ethereum price staying above major moving averages (MAs), including the 50-period MA on the 4-hour chart.

“A lot of people are nervous here, but I’m optimistic about ETH.

Has surpassed all major moving averages in the four-hour frame and it looks like the price is flipping the 50MA for support.

The current trend is up and see this drop as an opportunity.”

ETH Drop

The source: Smart Contractor/Twitter

Ethereum is trading at $2,902 at press time.

Next is Avalanche’s (AVAX) native token, a blockchain that supports smart contracts. According to Smart Contracter, AVAX could outperform other large-cap cryptocurrencies after the recent sell-off.

“AVAX got a big pump after listing on Upbit and is looking pretty bullish.

I think it has a chance to be the first top 10 coin to hit an all-time high.”

ETH Drop

The source: Smart Contractor/Twitter

Avalanche is trading at $80.36 at press time and is currently the 10th largest cryptocurrency by market cap. It is about 45% below its all-time high of $145 set in November 2021.

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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