Crypto analyst © Reuters believes that the price of ETH could soon rise to $2,000
- ETH is trading at $1,808.42 after a 5.01% price increase.
- ETH resistance is currently at $1,850.
- Michael van de Poppe believes that the price of ETH may soon rise to $2,000.
The largest cryptocurrency by market cap, (ETH), has earned a spot on CoinMarketCap’s trending list after its successful performance over the past few days. Currently, ETH is trading at $1,808.42 after a 5.01% price increase in the past 24 hours.
Ethereum / US 1D (Source: TradingView)
ETH also managed to reach a high of $1,818.20 and a low of $1,707.95 during the same time period. in addition to. ETH managed to consolidate against its biggest competitor, (BTC) by around 0.46% over the past day.
Looking at the longer time frames, things are clearly going well for the altcoin as ETH is up more than 26% over the past week and in the green by more than 7% over the past month. The 24-hour cryptocurrency trading volume is also in the green and now stands at $12,432,080,508 after a 20.95% increase since yesterday. In terms of market cap, ETH is $221,712,670,164.
Popular cryptocurrency trader, entrepreneur and analyst Michael Van de Poppe took to Twitter earlier today to share his own insights on ETH, and what the altcoin price could do in the coming days. According to the post, Van de Poppe believes that the resistance for ETH is at $1,850.
Ethereum / Tether US 4h (Source: TradingView)
The analyst then went on to say that ETH is likely to drop to between $1,680 and $1,725. After that, the price of ETH could rise to $2,000, according to Van de Poppe.
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A cryptocurrency analyst after his belief that the price of ETH could soon surge to $2,000 appeared first in the Coin issue.