Michael van de Popp (Michaël van de Poppe) reported that Ethereum has a high chance of breaking the $4,000 mark, which the coin last approached on December 8:
“Ether’s strength over Bitcoin in January should not be taken as a surprise in the market, and then an altcoin rally is likely in the ecosystem.”
A change in leader will be caused by an influx of funds into spot ethers.ETF and capital outflow from spot bitcoinsETF. The consolidation of quotes for the first cryptocurrency will become a catalyst for a sharp demand for altcoins, the expert believes.
An increase in the price of ether by 5% in recent days indicates a change in the sentiment of traders and investors – buyer activity has increased. Now it is important for ETH to maintain the critical support level of $3,500 for the bullish scenario to materialize, the analyst explained.
Earlier, Michael van de Popp said that next month the price of the first cryptocurrency could collapse by 25-30%, and then a six-month period of sideways movement of Bitcoin will begin.
Source: Bits
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