Ethereum (ETH) is receiving bullish sentiment from a well-known cryptocurrency analyst and trader. Going by the pseudonym Credible Crypto, the analyst assures his 399,000 followers on the social media platform X that the chances of Ethereum dropping below $1,600 are slim. He believes that the support level for the second-largest cryptocurrency is between $2,800 and $3,430.

Credible Crypto believes that the recent decision by the U.S. Securities and Exchange Commission (SEC) to conclude its investigation into whether Ethereum is a security serves as a positive catalyst that could push ETH to a new all-time high. He states, “The SEC backing off ETH is likely the final blow for bears here.”

At the time of writing, Ethereum is trading at $3,530.

Moving on to Curve DAO (CRV), the anonymous analyst suggests that the native token of this decentralized finance (DeFi) platform presents an opportunity similar to what venture capitalists and other large investors had last year when they intervened to prevent a further market decline following an exploit. Credible Crypto states, “Now you have the chance to invest in the backbone of DeFi for a lower price than the big players who made over-the-counter deals at $0.40 a year ago.”

The current trading price of CRV stands at $0.333.

Lastly, Convex Finance (CVX) is discussed by Credible Crypto, who highlights that the utility token of this DeFi platform is currently facing tight liquidity. According to the analyst, most of the CVX tokens are either locked or staked, and the circulating supply is about to reach its maximum. He predicts, “When things start heating up, the supply shortage will cause this asset to surge.”

CVX is currently trading at $3.89.

Please note that the opinions expressed in this article are not investment advice. Investors are advised to conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are undertaken at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice.