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October 31, 2023

Crypto Analyst Predicts Ethereum's Potential 21% Rise, Bitcoin's Uptrend Continues

Ethan Lim
Written byEthan LimWriter
Researched byNikos PapadopoulosResearcher

A crypto analyst who accurately predicted the top of Bitcoin’s 2021 bull market believes that Ethereum is well-positioned for further gains. The analyst, known as Pentoshi, suggests that Ethereum could rise by more than 21% from its current value. According to Pentoshi, Ethereum has entered a new trading range and crossing the lower bound of this range indicates a potential upward move. Additionally, Pentoshi notes that Ethereum against Bitcoin has corrected to a key psychological level, suggesting a likely bounce. The analyst also provides insights on Bitcoin, stating that as long as it remains above the $31,500-$32,500 range, it will continue its uptrend. Pentoshi predicts that Bitcoin could rally above the $40,000 level in the coming weeks. Lastly, the analyst updates the outlook on the altcoin Fetch.AI, expecting a period of consolidation before a move towards the $0.496 range high. Investors are advised to conduct their own research and exercise caution when investing in cryptocurrencies or digital assets.

Crypto Analyst Predicts Ethereum's Potential 21% Rise, Bitcoin's Uptrend Continues
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Ethan Lim
Ethan Lim
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Ethan Lim, a native of the Lion City, is Singapore’s rising star in the domain of online casino guide localization. He masterfully blends his intimate knowledge of local culture with international gaming standards to produce content that resonates deeply with Singaporeans.

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