Cryptocurrency analyst Michael van de Poppe attracted attention with his prediction about the ETH / BTC parity.
Having experienced an ongoing decline against Bitcoin since 2023 Ethereumlast night “fake” spot got a boost with Bitcoin ETF approval.
Analyst Poppe 9 January dated in sharing, He stated that the ETH/BTC parity could take a liquidation shot to the lowest level of the year and then return. As the analyst said not long after his post: to 0.04790 level A candle came and a serious recovery was immediately followed.
Poppe will be seen in ETH/BTC in his post on the subject after the liquidation candle He said investors will turn to Ethereum:
Ethereum is approaching its 2022 low and will likely take liquidity there. If an ETF approval for Bitcoin happens, I think there will be a liquidation candle in ETH/BTC followed by a rally back to Ethereum.
With the volatility experienced June 13, 2022 Ethereum, which fell below the level, exhibited in a short time 10% with recovery 0.05320 rose to the level of .
This sudden withdrawal in ETH/BTC May 2, 2021 The fact that it reached its historical liquidity level did not go unnoticed. This move is also Poppe predicted like It was recorded as a liquidation candle.
Especially after the spot Bitcoin ETF decision, the cryptocurrency market will have its eyes and ears on the spot Ethereum ETF decision. BlackRock financial giants such as Demand to issue Ethereum ETF It is thought that it may move the ETH/BTC parity upwards. If such a scenario occurs, serious price movements are expected in altcoins in parallel with the rise in Ethereum.
According to TradingView data, ETH/BTC at the time of writing in the 0.05304 region is being traded.