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October 31, 2023

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

Priya Sharma
Written byPriya SharmaWriter
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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Priya Sharma
Priya Sharma
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Mumbai-born Priya is India's rising star in the realm of online casino guides. With a knack for fusing traditional Indian gaming narratives with cutting-edge digital dynamics, she's an essential bridge between classic and contemporary gaming for a vast Indian audience.

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