Crypto expert van de Poppe predicts a major move in Ethereum (ETH) prices, anticipating a breakout to reach a target price range of $3,400-$3,500. This follows a period of consolidation following ETH’s impressive 90% gain earlier this year. Van de Poppe highlights the significance of breaking through the $2,800 resistance level as a catalyst for further price surges. A key support level lies at $2,575, which if held, could prevent a deeper correction.
Van de Poppe’s market analysis echoes his broader theory: Bitcoin leading the way in price increases, followed by Ethereum and then the broader altcoin sector. He explains this pattern as ‘Bitcoin leads, Ethereum follows, altcoins outperformance’. The analyst notes that momentum is currently coming from DeFi and projects within the Ethereum ecosystem, suggesting increased investor interest in higher-risk assets.