Michaël van de Poppe shared his analysis on Ethereum & said that Ethereum is on the path to reach a high support level.
On 15 May 2024, Popular Crypto analyst Michael Van De Poppe shared his analysis on the current state and near-future prospects of Ethereum’s price movement.
He said that Ethereum is nearing the end of its price correction (a downward movement in price).
Michael believes that ETH price will likely drop another 10% before it hits a significant support level, which is a price point where the asset typically finds buying interest strong enough to halt the decline. After reaching this support level, the Crypto analyst anticipates that Ethereum’s price will start to improve, implying better market conditions and potential price increases in a few weeks.
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Another Crypto analyst predicted that the trade price of Ethereum will pump by more than $10k in this bull run, before the end of this year.
Some other crypto analysts also shared their opinion on the current sentiment & current market situation of Ethereum and suggested people accumulate more ETH coins if they can because the analysis is showing a very bullish picture for upcoming months. In short, huge profits can be made by the investors in short-term holding.
Ethereum price action
The current trade price of Ethereum is $3,059 & this trade price is 4.8% higher over the last 24 hours.
Since the last 30 days, the trade price of ETH coins has fluctuated around $3k. In the mid of March of this year, ETH was trading at a $4k level. So here we can say ETH price is currently down by nearly 25% from ATH of this year & obviously it is a very big bearish factor for retail crypto investors who purchased ETH coin at $4k level.
Read also: Another Solana meme token $GAMBCAT pumps 14,000%
Analyst’s bold prediction says Ethereum will be $10k before the end of this year
https://bitcoinik.com/analysts-bold-prediction-says-ethereum-will-be-10k-before-the-end-of-this-year/feed/
https://bitcoinik.com/analysts-bold-prediction-says-ethereum-will-be-10k-before-the-end-of-this-year/feed/
