Top Analyst Predicts Bullish Momentum for Crypto Markets, Updates Outlook for Ethereum Going Into September

Widely followed crypto analyst Michaell van de Poppe forecasts the uptrend in the crypto market as it provides new forecasts for Ethereum (ETH), a leading smart contract platform.

Van de Poppe told his 618,800 Twitter followers that he is closely watching the Tethered Minance Chart (USDT.D), which shows how much of the crypto market capitalization is made up of stablecoin tethers (USDT). I am.

According to Van de Poppe, the USDT.D chart has plenty of room for decline, suggesting that market participants are likely to give up their USDT position in favor of other crypto assets.

“We are eager to reduce USDT’s dominance by another 23%, and as a result, the market is gaining momentum.”

Van de Poppe’s latest forecast seems to be in line with his recent call that the market capitalization of all crypto assets could increase by 25% from $ 1 trillion to $ 1.25 trillion.

Looking at Ethereum, Van Depoppe says that top altcoins are likely to face resistance to Bitcoin (ETH / BTC) in the short term. But he hopes the pair will maintain a bullish momentum towards September.

“Basically, some level of ETH.

I am facing resistance at 0.0725 BTC ($ 1,616).

We are facing support at either 0.0645 BTC ($ 1,437) or 0.057 BTC ($ 1,270).

Overall, we expect further momentum towards the September merger. “

Looking at the Van de Poppe chart, analysts seem to be targeting a pair of 0.08 BTC ($ 1,783) by September.

At the time of writing, ETH / BTC was trading at 0.069 ($ 1,537), down 1.35% on the day.

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