Ethereum - Great potential for appreciation 🤑🤑🤑🤑
In this sense, the analyst decided to share his forecast about when the leading smart contract platform will reach a new historical record.
In a new video, Van de Poppe told his 93,000 followers that ETH will continue on a strong and steady bullish trend in 2021:
“Currently, we have a clear block holding it as support and we can see that we are doing higher lows, higher lows. There was the crucial level to keep at $ 530… What I want to see holding, in general, is this area around $ 530. If we lose that, we will get the best entry zone that we initially created here, which is around from $ 470, $ 490 to $ 450 ″, he analyzed.
In addition, Van de Poppe noted that the recent escape from Ethereum took the second largest cryptocurrency to a movement above its historic record of $ 1,432.
“Given that we are doing even more research at the moment, I have to redo the Fibonacci levels. So, you can probably see the next momentum wave, somewhere in 2021, maybe already in the first quarter of 2021, we will see a rally towards the all-time high. This is going to be next, ”he said.
As for the ETH / BTC pair, the trader expects it to continue to consolidate. Then it should start rising 125% from its current value of 0.0266.
“We see that the crucial level to maintain (0.024) is really holding. Most likely, we will have a few weeks of lateral continuation before we start to get the next momentum wave. Most likely, we will get a higher bullishness towards the 0.06 area. "
Therefore, for the trader, it is unlikely that any movement will prevent Ethereum from following Bitcoin. And, with that, surpass its historical maxim.