Ethereum Price Eyes $3,000 After a Successful Retest of the $2,400 Support Zone
- Analyst Michael van de Poppe says Ethereum is positioned to retest the $3,000 region
- He views the recent dip as a bullish “liquidity grab” before the next major rally
- The $2,400 price level has acted as a strong “springboard” or support for the price
Ethereum (ETH) looks set to pump, and the famous cryptocurrency analyst on X, Michael van de Poppe, thinks the cryptocurrency is well-positioned to retest the $3,000 region.
In his latest analysis, Van de Poppe shared a detailed breakdown of Ethereum’s daily chart, highlighting the key levels that support his bullish outlook.
The crypto analyst highlighted how Etherem tested the resistance level between $2,700 and $2,900 multiple times within the past two months. According to Van de Poppe, the tests and retests serve as a ‘stamina build-up’ by Etherem as the cryptocurrency prepares for the next leg upwards.
Related: Ethereum (ETH) Price Prediction for July 3
Meanwhile, Ethereum broke out of a sideways range towards the end of June to reach a seasonal low of $2,113. That decline was sh…
The post Ethereum Price Eyes $3,000 After a Successful Retest of the $2,400 Support Zone appeared first on Coin Edition.
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Ethereum Price Eyes $3,000 After a Successful Retest of the $2,400 Support Zone
- Analyst Michael van de Poppe says Ethereum is positioned to retest the $3,000 region
- He views the recent dip as a bullish “liquidity grab” before the next major rally
- The $2,400 price level has acted as a strong “springboard” or support for the price
Ethereum (ETH) looks set to pump, and the famous cryptocurrency analyst on X, Michael van de Poppe, thinks the cryptocurrency is well-positioned to retest the $3,000 region.
In his latest analysis, Van de Poppe shared a detailed breakdown of Ethereum’s daily chart, highlighting the key levels that support his bullish outlook.
The crypto analyst highlighted how Etherem tested the resistance level between $2,700 and $2,900 multiple times within the past two months. According to Van de Poppe, the tests and retests serve as a ‘stamina build-up’ by Etherem as the cryptocurrency prepares for the next leg upwards.
Related: Ethereum (ETH) Price Prediction for July 3
Meanwhile, Ethereum broke out of a sideways range towards the end of June to reach a seasonal low of $2,113. That decline was sh…
The post Ethereum Price Eyes $3,000 After a Successful Retest of the $2,400 Support Zone appeared first on Coin Edition.
Read More