The activity in altcoins started with the rise of Bitcoin, the leading cryptocurrency, again above the $ 62,000 level.
Especially last week Shiba Inu (SHIB) The slight drop in price is now back on the rise and the “battle of the dogs” seems to continue.
SHIB managed to surpass DOGE once again, gaining 10% up in the last 24 hours and placed in 9th place. Although the volume in the market seems to be absorbed by SHIB and DOGE again, a famous cryptocurrency analyst drew attention to another cryptocurrency.
Ethereum Explained by Poppe
Famous cryptocurrency analyst Michael van de Poppe stated that the main noteworthy altcoin is Ethereum (ETH), the second largest cryptocurrency by total market capitalization.
The crypto analyst with more than 450,000 followers gave his new price target after Ethereum broke its all-time record today.
In a statement to his hundreds of thousands of followers, the famous crypto analyst underlined that $ 5,000 is the next resistance. In fact, this was seen as a psychological resistance point before the analyst gave a target, and it is known that the price will eventually test this point after the break of $ 4,500.
The famous analyst, after celebrating the last move of ETH with the phrase “congratulations”, stated that the journey to $ 5,000 will continue and this may come in the near term.
Reminding that while the ETH price was $100 two years ago, everyone said that it would fail, the analyst said that prices such as $5,000 are now being talked about and this is seen as possible.
*Not Investment Advice.