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Closely followed crypto analyst Michael van de Poppe says Ethereum (ETH) is gearing up for a bailout rally after months of consecutive downward movement. increase.
A popular analyst has told his 643,000 Twitter followers that he is waiting for ETH to recoup some of its losses and rise to around the $1,300 level.
We are waiting for a scenario like this on ETH, and will likely retest before continuing.
The past few days have seen positive signs from the market but no continuation as the index shows weakness (DXY shows the same). “
At the time of writing, Ethereum is trading at $1,199.
Trader is also an Ethereum-based altcoin that powers Fetch.ai, a decentralized machine learning system intended to serve as a platform for applications that enable capabilities such as financial services, smart cities, and the gig economy. I’m also looking at a certain FET. more efficiently.
FET bull van de Poppe said he is waiting for a further 15% rally in altcoins before taking too long.
“Still waiting for the lower level to be filled with FETs.
the level i’m looking at
While many in the crypto industry are still hoping for a wave of liquidations that will bring the market down, Van de Poppe said the bears are on the cusp of last resort.
“Honestly,
FTX collapses.
Contagion appears.
A great flood of FUD also occurred.
Binance bought $VGX and bid on Celsius.
Gemini watching the tender offer.
At this moment, I think the bear is in a state of super euphoria. “
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