Spot Bitcoin ETF after approval BTC It did not act in line with investors’ expectations.
While BTC exhibits sharp movements up and down and is the largest altcoin Ethereum and altcoins recorded significant increases.
At this point, ETH exceeds $2,600 Arbitrum (ARB) many like altcoin experienced double-digit increases.
One of the factors that triggered the rise of ETH is the expectation that spot Ethereum ETFs will be approved after Bitcoin ETFs. Ethereum analysis came from Michale van de Poppe.
Stating that he expects Ethereum to continue a healthy rise, the analyst predicts that the price will exceed important targets.
ETH price coming soon It can reach $3,500 Believer Poppe said:
“The critical zone for the continuation of the rise in Ethereum is $2,130. ETH has stayed around for a long time and these levels have become strong support levels for ETH.
However, the recent rise has changed the situation for ETH and it seems ready for a rise above $2700.
After that, there will be a breakout towards the new cycle highs at $2,700 and I expect ETH to continue towards $3,500 in the next 2-3 months.”
Ethereum is trading at $2,678 at the time of writing.
#Ethereum flipped the crucial level at $2,130 for continuation.
After that, breakout towards new cycle highs at $2,700 and looking for continuation to $3,500 in the coming 2-3 months. pic.twitter.com/4m1RkEUqxp
— Michaël van de Poppe (@CryptoMichNL) January 12, 2024
*This is not investment advice.
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