https://ift.tt/3OpcT40 Crypto Trader Says Ethereum (ETH) Dip Is an Opportunity, Predicts Explosive Move for This Altcoin

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

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A popular cryptocurrency analyst is bullish on Ethereum (ETH) and singles out one altcoin that might outperform other large-cap crypto assets.

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

Smart Contracter says his bullish thesis is built on Ethereum’s price is resting above the major moving averages (MA) including the 50-period MA on the four-hour chart.

“Lot of people freaking out again here but I’m liking ETH.

Already cleared all the major four-hour moving averages and looks like a nice clean test of the 50 MA here.

Viewing the trend as up at the moment and this dip as an opportunity.”

Source: SmartContracter/Twitter

Ethereum is trading at $3,109 at time of writing.

Next up is the native token of Avalanche (AVAX), a smart contract-enabled blockchain. According to Smart Contracter, AVAX could perform relatively better than other large-cap crypto assets by market cap after withstanding a sell-off following its recent listing on the South Korean crypto exchange Upbit.

“Seeing AVAX manage to hold its Upbit listing pump and not get faded seems pretty bullish to me.

I think it has a red hot chance at being the first top-10 coin to reach its prior all-time high.”

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Source: SmartContracter/Twitter

Avalanche is trading at $90.36 at time of writing and is currently the 10th–largest crypto asset by market cap. It is about 38% down from its all-time high of roughly $145. The all-time high was reached in November of 2021.

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