Analyst Michael Van de Poppe advises buying ETH, despite a significant drop in cryptocurrency.
On August 24, the price of ETH updated the historical maximum at $ 4.957, but bears intercepted the initiative, and the coin fell by 14%. Nevertheless, the dam was accompanied by a decrease in the volume of trading, so the probability of resuming the bull rally in the near future cannot be ruled out. Van de Poppe, who has long invested in digital assets, also wrote about this.
The expert attached to his message a schedule for changing the ETH course in relation to the price of bitcoin, which shows that the cost of the etherium went up, as happened in 2020. Therefore, Van de Poppe recommends buying ETH and believes that BTC will continue to yield to the opponent.
If the situation observed in 2020 is repeated, then the Ethereum will rise in price until October 2026. Judging by the wave theory of Elliott, the coin course will increase to a maximum of $ 6.240. Now the digital asset costs $ 4.458, therefore, having bought BTC at the current cost and selling them at the peak, you can get 40% of the profit.
Nevertheless, one of the traders, adhering to the opposite point of view, objected to Michael:
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Source: Cryptocurrency
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