Ethereum (ETH) ready for “significant run,” says top cryptanalyst – here is his goal
A closely followed analyst provides updates for the two leading digital assets while each struggles to maintain a critical level of support.
Michael van de Poppe says His 616,200 Twitter followers see $ 950 as low-end support for Ethereum (ETH) while suggesting that the leading smart contract platform could increase to as high as $ 1500 if it can reach over $ 1140.
«Crucial zones for Ethereum to see.
Bouncing at the moment, while EUR / USD also shows a slight relief.
If we take 1140 dollars, I guess we will continue and have a significant run against 1400-1500 dollars for ETH. “
At the time of writing, Ethereum is up 2.17% on the day, trading at $ 1,088.
Moves on to Bitcoin (BTC), the strategist sier that while the broader crypto markets had been due to a withdrawal, the dramatic capitulation was recently exacerbated by headline-grabbing collapses of major projects such as Terra (LUNA) and Celsius (CEL).
He believes that when the top cryptocurrency at market value recovers the $ 22,000 barrier, it will rise another 36% to $ 30,000.
“Yes, the markets should have corrected, but right now the valuation of crypto and Bitcoin is much lower than they should be, due to forced sales from 3AC, LUNA and more. That is why a break through $ 22,000 is going to accelerate the price to $ 30,000 too. ”
Bitcoin is changing hands for $ 19,729 at the time of writing, a gain of 1.11% on the day.
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Featured image: Shutterstock / Aleksandr Kukharskiy / monograph
