Analyst Michael van de Poppe said in a tweet yesterday that he expects the price of ETH to climb to $2000 soon.The trader explained that ETH prices may consolidate for a few days before starting to rise
- Analyst Michael van de Poppe said in a tweet yesterday that he expects the price of ETH to climb to $2000 soon.
- The trader explained that ETH prices may consolidate for a few days before starting to rise.
- As of the time of publication, ETH's trading price after falling 1.72% in the past 24 hours was $1822.
Popular cryptocurrency trader and analyst Michael van de Poppe shared in a tweet released yesterday that he expects the price of Ethereum (ETH) to soon climb to $2000. According to the post, he expects ETH prices to continue to consolidate in the next few days and then break through upwards.
In addition, VandePoppe emphasized the importance of maintaining ETH prices above $1825. If counterfeit currency can remain above this level, then ETH may continue to rise. Then he added that ETH's next target may be $1880.
VandePoppe concludes this article by stating that if ETH can break through $1880, he believes that the price of counterfeit coins may reach $2000 "relatively quickly". As of the time of publication, ETH's price has fallen by 1.72% in the past 24 hours, and the trading price is slightly below $1825 to $1822.75.
Therefore, ETH's trading price is close to its daily low of $1815.90. Despite the price decline of counterfeit coins, they can still rise by approximately 0.27% compared to their biggest competitor Bitcoin (BTC). In addition, the decline in cryptocurrency prices is not enough to drag down its weekly performance and losses, as it has risen 0.07% in trading over the past 7 days.
The RSI line on the ETH4 hour chart indicates that the leading counterfeit coin prices will continue to decline in the next 24 hours as the line tilts towards oversold areas. In addition, the 9EMA line on the 4-hour chart is bearish and below the 20EMA line.
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