Analyst Explained: “Bitcoin Has Stepped Aside, Now the Stage is for Ethereum! From Now On, Every Drop in ETH is an Opportunity!”
While Ethereum continues its rise rapidly, popular analyst Michael van de Poppe argued that the momentum Ethereum gained after testing multiple resistances could push its price up to $4,000, last seen in December.
Additionally, Poppe stated that Ethereum is ready to rise to higher prices, expressing that every drop from now on is a buying opportunity.
“I think Ethereum will move towards $4,000.
So, if there is any correction, it would be great to turn these into opportunities and buy on dips.”
In another post, Poppe pointed out that Ethereum has gained even more value against Bitcoin, and this is a sign that the next phase, namely the altcoin season, is about to begin.
The analyst lastly emphasized that altcoins generally follow the trend of the altcoin leader Ethereum and that altcoins could soon initiate an explosive price movement.