A New Perspective on Ethereum’s Bottom and Gold’s Rally

By Crypto Insights Team

A well-known crypto analyst has recently shared a unique perspective on the future of Ethereum (ETH) and its correlation with the rally in gold prices. According to the analyst, the bottom for Ethereum may coincide with the peak of gold’s ongoing surge.

In a series of tweets, crypto trader Michaël van de Poppe expressed concerns about Ethereum’s current price action, referring to it as “disastrous.” He suggested that the trend for Ethereum might see a positive turnaround once gold, which has seen a 19% increase in the last year, reaches its peak.

Van de Poppe further explained that the recent surge in gold prices is primarily driven by uncertainties surrounding President Donald Trump’s tariff threats. However, he anticipates that this trend is likely to reverse in the coming weeks as the uncertainties dissipate and other economic factors come into play.

Gold is currently trading at $3,116 per ounce, while Ethereum is valued at $1,798, marking a 63% decline from its all-time high in November 2021.

Shifting his focus to Bitcoin (BTC), Van de Poppe also highlighted the need for Bitcoin to revisit its recent lows around $76,000 before potentially initiating a bullish rally. He emphasized the importance of testing these lows before any significant upward movement can be expected.

As of the latest data, Bitcoin is trading at $81,962, indicating a fluctuating trend in the market.

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Image Source: Midjourney