According to smart Contracter, a crypto analyst known for his accurate predictions, there is a clear “opportunity” for Ethereum to pull back just above $3,000 after the recent spike in mid-January. Analyst shares an altcoin project that is positive on Ethereum (ETH) and could outperform other major cryptocurrencies…
Smart Contracter interprets $3,000 Ethereum as “opportunity”
Cryptocoin. You can reach the accurate estimates of Smart Contracter, which we have transferred as com. In his current analysis, Contracter states that Ethereum (ETH) price is trading above key moving averages (MA), including the 50-day moving average on the four-hour chart. According to the analyst, this outlook may cause panic, but it’s good to stay calm:
A lot of people are panicking here again, but I love ETH. All four hourly major moving averages have cleared and this looks like a good test of the 50 MA. Currently the trend is up and I see this drop as a chance.
Ethereum is trading at the 3 thousand dollar band at the time of writing. The leading altcoin is down 6% in the last 24 hours and 3% compared to last week.
The altcoin project
that will outperform the market giants
The native cryptocurrency of Avalanche (AVAX), a smart contract-enabled Blockchain, is next on the list. According to Smart Contracter, AVAX may outperform other major cryptos in terms of market cap, after surviving a sell-off following its recent debut on South Korean crypto exchange Upbit. Analyst shares:
Watching AVAX is very positive for me that the Upbit listing growth continues and the sounds don’t fade. I believe it has a good chance of becoming the top 10 cryptocurrencies to regain their previous peak.
Avalanche, at the time of writing, is trading at $81.66 and is the tenth largest cryptocurrency by market cap. After the market peak of November, the ATH price is down about 44% from $145. According to another crypto analyst InvestAnswers’ host, AVAX’s RSI above 90 could indicate a selling pressure. However, the analyst said, “The AVAX chart may be running out. That was a clear selling point to get to $95,” he says.
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