Crypto analyst Michaël van de Poppe believes Ethereum (ETH) will hit bottom when the current gold rally ends. He shared this prediction with his large following on X.
Ethereum’s “Disastrous” Chart
Van de Poppe described ETH’s price chart as “massively disastrous,” expressing uncertainty about the exact bottom. However, he predicts a correlation between gold’s peak and Ethereum’s trough. Currently, ETH is trading significantly below its all-time high.
Gold’s Rally and Trump’s Tariffs
He attributes the recent gold rally to uncertainty surrounding President Trump’s tariff threats. He anticipates this gold surge will reverse in the next one to two weeks, possibly due to easing uncertainties or weakening labor markets. He suggests a “buy the rumor, sell the news” scenario might play out.
Bitcoin’s Outlook
Van de Poppe also commented on Bitcoin (BTC), suggesting it needs to retest recent lows around $76,000 before a potential upward rally. He notes the current trend shows lower highs and lower lows for Bitcoin.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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