An Ethereum bullish trader and analyst who is widely respected has expressed his opinion.ETH).
Credible Crypto, the pseudonymous analyst. tells His 399,000 Twitter followers were told by him that Ethereum’s chances of falling below $1600 is low, and the support level for the second largest crypto asset lies between $2,800 to $3,430.
Credible Crypto says that the U.S. Securities and Exchange Commission’s recent decision to conclude an investigation as to whether Ethereum is a financial instrument could be a catalyst for ETH reaching a new high.
“The SEC backing off ETH is likely the [last] nail in the coffin for bears here.”
Ethereum currently trades at $3.530 as of the time this article was written.
DAO Turning Curve (CRV() the pseudonymous expert says The native tokens of Decentralized Finance (DeFi), the platform that offers the opportunity to large investors and venture capitalists alike stepped In order to avoid a further sell-off after an exploit obtained last year.
“You now get an opportunity to get in on the backbone of DeFi for less than the big boys who struck over-the-counter deals at $0.40 a year ago.”
As of the date this article was written, the CRV trades at $0.333.
Convex Finance will be the next to arrive (CVX). Credible Crypto says The utility token on the DeFi platform currently has a tight supply of liquidity. According to the pseudonymous expert, the majority of CVX tokens were locked or staked.
“When things start heating up the supply crunch is going to make this thing rocket.”
CVX currently trades at $3.89.
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Source: dailyhodl.com