A widely followed analyst says that Ethereum (ETH) may be gearing up for an explosive move to the upside.
In a new thread, crypto trader Michaël van de Poppe tells his 786,500 followers on the social media platform X that ETH may first dip to the $2,233 support level on the daily chart before increasing more than 56% of its current value.
“ETH has hit a higher timeframe resistance zone and that requires to have a build-up before it can break upwards. Sub $2,400 is a massive opportunity to get yourself [in] before this runs above $4,000.”
Source: Michaël van de Poppe/X
The analyst also says that ETH is likely in an uptrend against Bitcoin (ETH/BTC) on the weekly chart after printing a similar 2019
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