Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum’s approach to its 2022 low as a potential springboard for a breakout. In his analysis, Van de Poppe underscores the importance of Ethereum’s current positioning, suggesting that its proximity to last year’s low could be a catalyst for absorbing liquidity and igniting a bullish trend. Related Reading: Ethereum Price Signals Bearish Rection, Why ETH Could Drop 5% Analyst’ Ethereum Bullish Projection Amid Market Movements Van de Poppe’s forecast hinges on the broader market context, particularly the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the US. Should this approval materialize, he anticipates a significant impact on the ETH/BTC trading pair, potentially leading to a liquidation candle – a sharp price movement. Subsequently, Van de Poppe predicts a substantial shift in market dynamics with funds rotating into Ethereum. This move, he believes, will be accompanied by a “bullish weekly divergence,” setting Ethereum ..
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