Credible Crypto, a well-known cryptocurrency analyst and trader, is bullish on Ethereum (ETH). With 399,000 followers on the social media platform X, Credible Crypto believes that the chances of Ethereum dropping below $1,600 are slim. He also sees the support level for the second-largest crypto asset to be between $2,800 and $3,430. The recent decision by the U.S. Securities and Exchange Commission (SEC) to end an investigation into whether Ethereum is a security is seen as a positive catalyst that could propel ETH to a new all-time high. According to Credible Crypto, the SEC’s decision is likely to be the final blow to bearish sentiment.

Ethereum is currently trading at $3,530.

When it comes to Curve DAO (CRV), Credible Crypto compares the opportunity to invest in the native token of the decentralized finance (DeFi) platform to what venture capitalists and other large investors had when they stepped in to prevent a deeper sell-off following an exploit last year. He points out that investors now have the chance to get in on the backbone of DeFi for less than the big players who struck over-the-counter deals at $0.40 a year ago.

CRV is currently trading at $0.333.

Moving on to Convex Finance (CVX), Credible Crypto notes that the utility token of the DeFi platform is currently experiencing tight liquidity. He explains that most of the CVX tokens are locked or staked, and the circulating supply of tokens is about to reach the maximum supply. Credible Crypto believes that when things start heating up, the supply crunch will cause the value of CVX to soar.

CVX is trading at $3.89.

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