A widely followed crypto analyst says that the bottom for Ethereum (ETH) will coincide with the peak of another skyrocketing asset.
In a new thread, crypto trader Michaël van de Poppe tells his 781,600 followers on the social media platform X that the top altcoin’s “disastrous” price action will likely revamp itself once gold, which is up 19% in the last year, finally ends its rally.
“A massively disastrous chart for ETH. I don’t know where this will bottom, although I suspect that the peak of gold and the bottom of Ethereum are going to be correlated.”
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Source: Michaël van de Poppe/X
According to Van de Poppe, gold has been rallying lately due to President Donald Trump’s tariff threats, something he says will likely reverse
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