No products in the cart.
- Latest
- Trending
ADVERTISEMENT
A popular analyst delves into the charts to provide the latest price targets for Ethereum (ETH) and three cryptocurrencies.
First appearance of Michael van de Poppe To tell His 624,300 Twitter followers believe that the price of Ethereum will rise even as the funding rate dries up ahead of mid-September, when the project will move from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) mechanism. says it continues.
While ETH is rising, ETH funding is still very negative.
People are keen to loot ETH with:
-Merge is expected to fail.
– It’s a bear market relief rally.
– The market will only fall further.
The greatest pain is upward. “
The analyst also provides a chart tracking the funding rate of ETH for the entirety of 2022, created by technical analyst Quincy Dipeveen. The latest data show that funding is in the red.
Van de Poppe is look Many digital assets are looking to test resistance levels after recovering from a weekend price drop across markets, and Ethereum could break above $2,000.
There is a proper retesting across the market and ETH for example is still heading towards $2,200 as one of the biggest events, a merge, is approaching.
Whether or not Bitcoin sweeps $19,000 for liquidity, I still expect this upward structure to continue. “
At the time of writing, Ethereum is up 1.84% and is trading at $1,554.
Let’s move on to chart-leading ETH competitor Fantom (FTM) expect After plummeting above $0.40 in mid-August, altcoins maintain their recovery momentum.
It looks ready to continue, as is the market as a whole.
You need to break $0.29 and flip, then $0.35 is possible. “
Fantom is currently up nearly 4% and is priced at $0.27.
Also on Van de Poppe’s watchlist is peer-to-peer video distribution platform Theta Network (THETA), which has fallen below $2 since crashing in May.Analyst set Two levels of resistance initially at $1.20 and then at $1.60.
Like many coins here, this one is very simple.
I’m looking for two triggers:
Either low sweep and regeneration.
Over $1.20 for continuation triggers.
Goal then: $1.60.
Theta Network is up 4.66% and is trading at $1.19.
About Ethereum scaling solution Skale (SKL), a cryptocurrency trader expect Waiting for the spark to break out and start the rally.
Nothing has changed here, it is very similar to THETA.
Wait patiently for the triggers, but these triggers can accelerate very quickly. “
As of this writing, Skale is up 2.68% with an asking price of $0.049.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured Image: Shutterstock/MoVille/Tomasz Makowski
