Analysis

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.”

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.”

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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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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