Ethereum, Avalanche, Polkadot and Curve Are Gearing Up for Breakouts, According to Analyst Michaël van de Poppe

Top crypto analyst Michael van de Poppe says leading smart contract platform Ethereum (ETH), two rivals, and one additional altcoin are ready to ignite a breakout rally looks like.

In a new strategy session, Van de Poppe tells his 166,000 YouTube subscribers that Ethereum is currently testing the strength of immediate resistance at around $1,700.

If Ethereum bulls remove resistance, van de Poppe sees Ethereum rising more than 46% from its current price.

“The fun part starts when Ether breaks this high … if it holds above $1,660 and then holds high again to test and if it breaks through the $1,780 high, then all those highs ($2,000 ) would be mostly acceptable.

Source: Van de Poppe/YouTube

At the time of writing, Ethereum is worth $1,640.

Another altcoin on the trader’s list is Smart Contract Protocol Avalanche (AVAX). According to Van de Poppe, AVAX has him 1 resistance away from starting a massive surge of 79%.

“We are testing the high range again ($26). If it breaks out, it will be the same as Ether. It’s even possible.”

Source: Van de Poppe/YouTube

At the time of writing, AVAX is trading at $23.41.

Next up is Polkadot (DOT), an interoperable blockchain. Van de Poppe believes that while DOT could sustain its bullish momentum in the short term, other altcoins offer a better risk/reward ratio.

“Maybe it will accelerate pretty quickly here. I think maybe the next retest is at $9.

Source: Van de Poppe/YouTube

DOT is currently trading at $8.17.

The final altcoin on analysts’ radar is CRV, the governance token of stablecoin-focused decentralized exchange Curve Finance.

“If we want to continue here, we probably want to test the previous highs, so if there is a correction… we see $1.33 for testing and continue towards $2.”

Source: Van de Poppe/YouTube

As of this writing, CRV is trading hands at $1.33.


Featured image: Shutterstock/Framework Wonderland/monkographic

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