The rally in cryptocurrencies, caused by the fall of three US banks, also touched Ethereum. Over the week, the altcoin added 25%, having already tested the $1,800 mark, the cryptanalyst argues.

Michael van de Poppe believes that $1,850 is an important resistance level now. According to the analyst, having reached the mark, Ethereum will roll back to the area between $1,680 and $1,725. After that, the price will jump to $2,000.

The maximum value that Ethereum could reach in recent days is $1,844.48. On Sunday, March 19, the strengthening against bitcoin by 0.49% was a positive factor for the world’s second-largest cryptocurrency by capitalization.

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An even more impressive picture emerges when looking at longer timeframes. For a week, the cryptocurrency added more than 12%, and for a month more than 11%. A positive factor was the growth in trading volume in the last two weeks. The current market capitalization of ETH is just over $218 billion.

Two weeks earlier, Van De Pop had already made a prediction about bitcoin. Then he thought that BTC could drop to the $19,700 area.