Michaël van de Poppe Says Altcoins Will ‘Go Higher Than You Imagine,’ Updates Analysis on Ethereum (ETH)
A widely followed crypto analyst says the collective altcoin market cap will rise much higher than most traders expect.
Michaël van de Poppe tells his 692,800 followers on the social media platform X that altcoins are going to reach unimaginable new all-time highs.
“People are wondering, are altcoins going to break their all-time high?
The same question was asked in 2020.
Answer:
- Yes, they will.
- Yes, they’ll go higher than you imagine.
- Probably most of the heaviest runners don’t even exist, yet.”
Looking at the top altcoin by market cap Ethereum (ETH), Van de Poppe says that ETH is in a ‘waiting game’ till its next big move up.
“Waiting game until Ethereum starts to pick up pace.
Flipped the $2,150 level for support, currently waiting for a breakout for continuation to $3,500.”
ETH is worth $2,560 at time of writing, up 11.3% in the last week.
Looking at the top crypt asset by market cap, Bitcoin (BTC), the analyst says BTC is facing resistance, noting that he’s unsure where the crypto king will head after reaching the $50,000 level in a week or two.
“Bitcoin looking at the resistance.
Massive weekly candle, through which Bitcoin is back above $48,000.
I’m personally interested in what price will do around $50,000 in the upcoming 1-2 weeks.”
BTC is worth $49,737 at time of writing, up 16.5% in the last week.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Scrudje/DDevecee
The post Michaël van de Poppe Says Altcoins Will ‘Go Higher Than You Imagine,’ Updates Analysis on Ethereum (ETH) appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
