Michael van de Poppe: Ethereum price could rise to $ 20,000 soon

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A well-known cryptocurrency analyst and trader believes that the ETH rate may well reach $ 20,000 in the coming months. In addition, he named five more altcoins with growth prospects.

Michael van de Poppe notes the similarity of the ether charts in 2017 and 2021, which hints at a significant increase in the asset:

“A similar chart was in 2017, when ETH collapsed by 50% and then rallied. Now ether has corrected by 35% again and may well reach $ 15,000 or even $ 20,000. “

As for altcoins, the analyst is extremely optimistic tuned in about LINK coin. He named it the most undervalued cryptocurrency in the top 20 and expects to rise to at least 0.0007 BTC in the LINK / BTC pair.

Also Michael van de Popp expects the Elrond coin to grow. The project is developing a blockchain platform for launching decentralized applications, corporate use and carrying out cryptocurrency transactions. EGLD may rise to $ 340.

Finally, the analyst expects the COTI and ONE tokens to double in size, while the FET token, in his opinion, could quadruple at once.

Earlier this month, a similar forecast for the price of ETH was given by Raoul Pal, a former top manager of Goldman Sachs. He bases his opinion on the similarity of the charts of Bitcoin in 2017 and Ether in 2021.

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