menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Analyst Ex...
source image

TronWeekly

3w

read

426

img
dot

Image Credit: TronWeekly

Analyst Expects Ethereum Consolidation to End Soon, Predicts Upwards Surge

  • Ethereum is poised for a breakout after a period of consolidation, according to crypto analyst Michaël van de Poppe.
  • Van de Poppe highlighted the accumulation of liquidity at multiple price points as a sign of a potential price rise for Ethereum.
  • Ethereum's stability amidst market volatility and consolidation phase is seen as a precursor to a significant price jump.
  • Van de Poppe emphasized the importance of good fundamentals and increasing institutional interest, citing over $1 billion Ethereum ETF inflows in June.
  • The chart analysis by Van de Poppe shows Ethereum's support regions and frequent rebounds, indicating a strong foundation for a potential rally.
  • The support level in the chart and the presence of higher lows suggest a bullish trend in Ethereum's price movements.

Read Full Article

like

25 Likes

For uninterrupted reading, download the app