As it is known, the FED announced the last interest rate decision of 2023 and left interest rates constant. Speaking after the decision Fed Chairman Jerome Powell The FED’s hint that it may cut interest rates in 2024 mobilized Bitcoin and altcoins.
BTC As it approaches the $43,000 mark again, the biggest altcoin Ethereum It also rose to $2,280.
at this point Popular analyst Michael van de Poppe, who announced his BTC target after the FED’s interest rate decision, now announced his ETH prediction and the next resistance point.
At this point, the analyst pointed out that the $ 2,125 level in Ethereum started to turn into support and said that the upward trend in ETH continued even if there was a correction.
Signaling that the rise will continue in 2024, Poppe stated that the next resistance for ETH is the $ 3,400-3,800 level.
“Ethereum is making a positive support and resistance exchange at $2,125.
Even if it corrects to $1,900, the trend continues to rise and the next resistance area lies at $3,400-3,800 in the first quarter of 2024.”
Rising up to $2,400 during last week’s rise ETH At the time of writing, it continues to be traded at $ 2,285.
#Ethereum making a positive support and resistance flip at the $2,125 mark.
Even if it corrects to $1,900, the trend remains up and the next area for resistance is found at $3,400-3,800 in Q1 2024. pic.twitter.com/F5fThIqONl
— Michaël van de Poppe (@CryptoMichNL) December 14, 2023
*This is not investment advice.
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