Analyst Michaël van de Poppe answered the question that interests many traders about what price to buy Ethereum after the update of the historical maximum. On August 24, the price of ETH reached $4,958 for the first time, but not reaching $5,000, it fell and is now fluctuating around $4,600. This dynamic of the coin's price changes forced Michaël to make a forecast for the decline in cryptocurrency prices.
If there is a correction in the markets, then I believe that we will see the Ethereum price decrease to $4,100-4,200. This is the ideal zone for accumulating coins before the resumption of the upward movement, as a result of which a new peak will be reached, wrote van de Poppe.
If the expert's forecast comes true and ETH starts to drop to $4,100, and then rises to at least $5,000, then buying digital assets at the bottom and their subsequent sale at the peak will bring a 22% profit. The risk lies in the fact that the price of Ethereum may drop even lower, for example, to the level of $3,941, indicated by Michaël. In this case, you will incur an unrealized loss if you buy the coin at the rate of $4,100. However, as van de Poppe believes, in the case of a major correction, the price of ETH will not stay in the range below $4,100 for long. Commentators, disagreeing with the analyst's position, believe that there will be a weaker correction in the Ethereum market and the price of the coin will not drop so significantly. Judging by the Fibonacci levels, the crypto price will decrease to $4,580-4,600 before the next stage of a bullish rally.#ETHBreaksATH #FamilyOfficeCrypto #CryptoRally #Write2Earn $ETH
