Ethereum (ETH) Could Bottom Out Once This Surging Asset Peaks, According to Analyst Michaël van de Poppe

A broadly adopted crypto analyst says that the underside for Ethereum (ETH) will coincide with the height of one other skyrocketing asset.

In a brand new thread, crypto dealer Michaël van de Poppe tells his 781,600 followers on the social media platform X that the highest altcoin’s “disastrous” worth motion will probably revamp itself as soon as gold, which is up 19% within the final yr, lastly ends its rally.

“A massively disastrous chart for ETH. I don’t know the place this can backside, though I believe that the height of gold and the underside of Ethereum are going to be correlated.”

In line with Van de Poppe, gold has been rallying these days resulting from President Donald Trump’s tariff threats, one thing he says will probably reverse course within the coming weeks.

“Gold is rallying because of the uncertainties surrounding the tariffs from Trump. I assume this can rotate within the coming one to 2 weeks:

-Uncertainties over.

-Maybe labor markets changing into weaker.

‘Purchase the rumor, Promote the Information’ kind of occasion.”

Gold is trading for $3,116 per ounce at time of writing whereas ETH is valued at $1,798, down 63% from its all-time excessive hit in November 2021.

Concluding his evaluation with the highest crypto asset by market cap, Van de Poppe says that Bitcoin (BTC) must revisit its current lows at round $76,000 earlier than sparking a rally to the upside.

“It appears to be important that we’re seeing some extra downward momentum on the markets for Bitcoin. The development continues to be decrease highs and decrease lows. Check on the lows earlier than reversing again up?”

Bitcoin is buying and selling for $81,962 at time of writing.

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