ETH may approach previous highs if downtrend breaks, Michael van de Poppe predicts

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ETH may approach previous highs if downtrend breaks, Michael van de Poppe predicts — ETH resistance break could target $3,000

Michael van de Poppe said ETH is currently showing more strength than Bitcoin and has swept all important lows, now facing the final resistance of its current downtrend.

He stated that a break of this downtrend would be a sign that ETH could move back toward previous highs, with his target at $3,000.

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Van de Poppe previously noted that bitcoin and altcoins saw renewed declines tied to Korea market volatility, rather than intrinsic crypto factors, in his analysis of the Korea market crypto drop. He has also highlighted concerns about bitcoin moving below $75,000 after a recent sweep of lows in a separate post. These recent assessments provide context for his current view on ETH's relative strength.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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