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Analyst Says Ethereum Is Ready To Surge With Higher Lows Against Bitcoin, But There’s A Caveat
- Crypto analyst Michaël van de Poppe sees Ethereum gearing up for a significant move upwards against Bitcoin.
- Van de Poppe warns that Ethereum could drop as low as $2,200 before the expected uptrend.
- The analyst suggests an entry zone for Ethereum between 0.022 and 0.023 on the ETH/BTC chart for ideal entries.
- Van de Poppe anticipates Ethereum reaching 0.03 and potentially surpassing the $3,000 level to reach new highs.
- The analyst is optimistic about Ethereum's performance due to a potential strong move in the altcoin market cap.
- He believes that the cycle is not yet over for Ethereum and other major altcoins.
- Despite Bitcoin dominance rising above 64%, Van de Poppe remains confident in Ethereum's ability to perform well.
- Another crypto analyst, Titan of Crypto, highlights a possible bullish continuation setup for Ethereum.
- Titan of Crypto suggests that if Ethereum maintains its breakout zone, a rally above $4,000 could be likely.
- The analyst previously predicted ETH could even reach $8,500 in this market cycle.
- At present, Ethereum is trading at around $2,500, showing a nearly 2% decline in the last 24 hours.
- Van de Poppe emphasizes that Ethereum's higher lows against Bitcoin hint at an imminent upward breakout.
- The altcoin market cap signals a positive move for Ethereum and other major altcoins in the near future.
- Despite concerns over a prolonged Bitcoin-dominated market, analysts believe Ethereum is poised for a strong performance.
- Titan of Crypto's chart suggests a potential rally for Ethereum above its current ATH of $4,800, with a target of $8,500 in sight.
- Both analysts point to favorable setups and indicators that indicate Ethereum's readiness for a significant surge.
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