Analyst Michaël van de Poppe warned Ethereum investors about an impending crash of the cryptocurrency's price.
What goes up vertically usually corrects sharply. Therefore, if all my money were invested in Ethereums, I would sell some coins. Then I would use the proceeds to buy ETH at the bottom, Michaël wrote.
Speaking about vertical growth, van de Poppe refers to the price of Ethereum soaring nearly 39% in the last 10 days. Today, the value of the virtual currency surpassed yet another barrier of $4,600 and is heading upwards. However, according to Michaël, instead of waiting for the cryptocurrency to reach $5,000, it makes sense to sell part of the assets now to lock in profits and reduce risks.
Rapid growth of Ethereum's price
Many ETH holders followed the expert's advice and began selling digital assets. This is evidenced by the fact that every day, short-term Ethereum investors realize profits averaging $553 million. But those who hold coins for more than six months are not yet mass-selling the virtual currency.
Michaël believes that the price of ETH will update its historical high reached at $4,872 in November 2021. Then a period of accumulation should begin. Accordingly, the analyst predicts the start of a downward trend only after the coin's price sets a new record.
