Michael van de Poppe, a closely followed crypto strategist, bitcoin and shared his expectation of a big rally for the three altcoins. The analyst shared his expectations of $42,313 and $50,324 by June 2023, based on Bitcoin’s key Fibonacci levels.
The other entity on Van de Poppe’s list is Ethereum. According to the analyst, ETH price also has the strength to continue its rise.
“Ethereum has not reached its target price. If you are looking for an entry point for a long position, it has not reached the appropriate level either. I am still waiting for the appropriate level.”
Adding Cosmos (ATOM) to the altcoin basket, Van de Poppe stated that he is optimistic about ATOM price as long as it stays above $10.
“The trend seems a bit in the middle. It was important to take the $9.40 zone, but there is not much strength to continue the trend. Around $10 is critical to continue. My next target is $12.25.”
last on list altcoin became the Ethereum Name Service (ENS). According to Van de Poppe, ENS could trigger a rally after converting resistance around $13 to support.
“There was a break above $13. And now we’ve moved from resistance to support. It will likely continue and then we can target $15.40 and $17.”
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.