Van de Poppe: «it would not be strange for Ethereum to soar to 8,000 dollars»

The analyst considers that a reasonable price for $ETH would be in the range of 6,500 to 8,000 dollars per coin.Trader Michaël van de Poppe

Michaël van de Poppe is a trader from the Netherlands specialized in cryptocurrencies. Source: YouTube.

Ether would be consolidating to go for a new all-time high.

Experts show optimism but warn against buying at current prices.

Ether (ETH), the native cryptocurrency of the Ethereum network, is going through one of its best moments, at least for the digital assets market.

This Saturday, August 9, $ETH surpassed 4,200 dollars, something that had not been recorded since 2021, and now aims to break its all-time high (ATH) price of 4,891 dollars per unit.

This dizzying price increase did not go unnoticed by the economist and trader from the Netherlands, Michaël van de Poppe, who commented on the social network X that the cryptocurrency is making a "wild move".

However, the analyst warns that buying $ETH at these high levels presents a considerable risk, suggesting that the market could be overheated after this surge.