Ethereum Primed for Breakout, Altcoins to Follow Bitcoin’s Lead, Says Top Crypto Expert
Michaël van de Poppe, a prominent crypto analyst known as on X, has shared his latest insights on the market, signaling a potential major move for Ethereum (ETH) and outlining his broader market cycle theory.
]According to van de Poppe, Ethereum (ETH) is currently “looking for a big breakout.” He notes that ETH has undergone “a strong consolidation of more than a month” following its initial 90% upward move. This consolidation period suggests a build-up of energy for the next significant price action.
Van de Poppe projects a clear target: “I assume we’ll start to see a leg to $3,400-$3,500 if it breaks the resistance at $2,800.”
This technical level is crucial for unlocking further upside. Conversely, he identifies $2,575 as the critical “area to hold,” suggesting it as a key support level to prevent a deeper correction.
The Crypto Cycle: Bitcoin Leads, Altcoins Follow
Van de Poppe reiterated his consistent market theory, which outlines a typical progression of asset performance within the crypto market:
- Bitcoin (BTC) moves upwards.
- Bitcoin consolidates.
- Ethereum (ETH) starts to follow.
- Altcoins outperform Ethereum.
This sequential movement suggests that following Bitcoin’s recent strength and consolidation, Ethereum is now positioned to see its next significant leg up, potentially followed by a broader altcoin rally.
The analyst observes that “we’re currently seeing more momentum coming from DeFi & Ethereum ecosystem projects,” which he considers a “strong sign.” This shift in momentum points towards increasing investor appetite for higher-risk, higher-reward assets within the decentralized finance and broader Ethereum ecosystem. His overarching conclusion: “Risk-on is the game.” This implies that investors are increasingly willing to take on more risk in pursuit of greater returns within the crypto space.
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