Renowned analyst, Michael van de Poppe expects the price of the popular altcoin Ethereum (ETH) to hit the 20k levels by the first quarter of 2022! cryptocoin.comAs we reported earlier in , Ethereum price has been gaining momentum since the September close. The cryptocurrency reversed its trend with the start of October. And it is rising in the charts with interim consolidations. Cryptocurrency has been in the consolidation phase for the past few days. The cryptocurrency appears to be moving along a parallel chain.
Popular altcoin Will Ethereum make 20k?
The coin was trading at $3,566.28, up 0.9% at the time of writing. It reached a 24-hour high of $3,615.35. The coin finds it difficult to climb between the resistance of $3,620-3,650 and is falling off this cliff. The candle must surpass resistance to rise to its ATH at $4,356.99. According to analyst Delma Wilson, if the coin loses momentum, we can expect a drop to support zones in the $3,300-$3,376 range.
However, we can expect a consolidation phase for the next few days. Earlier, the coin started showing signs of movement. On the other hand, a popular crypto analyst Michale van de Poppe has set benchmarks for ETH for the first quarter of 2022. Targets range from $15,000 to $20,000. The targets in question are 5X to 6X larger than the current transaction value of Ethereum (ETH).
Analsit van de Poppe comments: “With the anticipated ETH 2.0 on the way, we can expect ETH prices to increase after the release of the update. The transition to Proof-of-Stake will hopefully be a source of momentum for Ethereum. Help him win, get his fair share and move towards big rallies. It is widely known from past scenarios that altcoin projects tend to follow Bitcoin.” According to analyst Poppe, a similar trend can be seen in the charts. However, with the dominance of Bitcoin (BTC) waning, we can expect a relative increase in cryptocurrency prices. Renowned analyst Michael Van De Poppe is a legendary trader who trades and analyzes cryptocurrencies. Van De Poppe is famous for his interest in crypto money and blockchain, which have been an important part of financial systems in recent years, and his predictions in this field.
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