Second-largest decline before FOMC minutes released yesterday cryptocurrency unit of Ethereum It fell as low as $1,600.
However, the FOMC minutes US Federal Reserve (FED) for showing that he is taking a step back from his hawk stance and showing a little more dove stance Bitcoin (BTC) including Ethereum and altcoinare also moving upwards.
Evaluating this rise in Ethereum, popular crypto analyst Michael van de Poppe said that the $ 1,600 levels ETH Said it was a great level to buy.
The analyst added that he predicts that the Ethereum price will continue its upward momentum.
“Indeed, the $1,600 level is a great level to buy Ethereum.
Most likely, the trend will continue from here.”
Against this analysis of Poppe ETHWe will be watching if it can break above the $1,700 resistance level and reach $2,000.
Indeed, $1,600 is a great level for longing on #Ethereum.
Most likely, the trend will continue from here. pic.twitter.com/dF12ODJmCc
— Michaël van de Poppe (@CryptoMichNL) February 23, 2023
*Not investment advice.
This article was originally published on Bitcoinsistemi.com.