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Analyst's Forecast: Major Growth for DeFi Altcoin

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3 hours ago

A popular crypto analyst predicts significant growth for the Curve Finance altcoin and shares his expectations for Ethereum (ETH) growth.

Analyst’s Insights

The anonymous crypto analyst Credible Crypto announced on social media platform X that he observes bullish signals for the Curve Finance/BTC pair (CRV/BTC). Currently, CRV/BTC is trading at 0.00000336 BTC ($0.2954) and has experienced a 1.75% decline in the last 24 hours.

I have been anticipating this move for the past one and a half months while trading CRV, and it is finally happening. With BTC locked in the $70,000-$90,000 range, the time for the major movement I expected has come. I have opened a long position in CRV, and I expect a 150% rise toward our $0.58 target alongside the high time-frame bullish divergence in CRV/BTC.Credible Crypto

Future of Ethereum

The analyst suggests that Ethereum (ETH) may retest the $2,800 level and then soar into the $4,000 range. ETH is currently trading at around $3,000 and has seen a 2.2% decrease in the last 24 hours.

For ETH, I plan to buy just below $2,800 and target a rise above $4,000. ETH/BTC has returned to the high time frames that interest me, so I believe ETH will outperform BTC for a short period while BTC remains in range. For ETH to position itself here, BTC needs to pull back by about 10%.Credible Crypto

Important to Remember

Diligently monitoring technical indicators in the crypto markets can provide vital signals for traders. The forecasts from analysts can assist in understanding market movements, but caution is advised when making investment decisions.

Being aware of market trends can be useful for traders. However, caution and readiness for market volatility are always advised.

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