Analyst Predicts Retail Traders Will Enter Crypto Markets After Ethereum Hits New All-Time High
Renowned crypto analyst Michaël van de Poppe has made a bold prediction that retail traders will flood into the crypto markets following a significant event. Van de Poppe, who has a substantial following on social media, believes that Ethereum (ETH) reaching a new all-time high (ATH) will be the catalyst for this influx of retail interest.
In a recent tweet to his 795,600 followers on X, Van de Poppe stated that when ETH hits a new ATH, retail traders will enter the market in large numbers. He emphasized that now is the opportune time to accumulate altcoins before this anticipated surge in retail participation.
The analyst also expressed his optimism about the potential for altcoins built on the Ethereum network to experience explosive growth following ETH’s recent rally above the $3,000 mark. Van de Poppe highlighted Ethereum’s rapid recovery from recent lows and suggested that altcoins in the ETH ecosystem are likely to follow suit once both ETH and Bitcoin stabilize.
Van de Poppe further projected that ETH has significant upside potential and could see a price increase of more than 23% from its current levels. He suggested that buying the dips during any potential corrections could be a profitable strategy for investors.
At the time of writing, ETH is trading at $3,234, with a 6.7% increase in the last 24 hours. In November 2021, ETH reached an all-time high of approximately $4,900. Meanwhile, Bitcoin (BTC) is trading at $119,051, up 2.2% on the day.
Van de Poppe also pointed out a bullish divergence in the altcoin market cap versus Bitcoin (TOTAL3/BTC) chart, indicating that altcoins are poised to outperform Bitcoin in the near future. The analyst suggested that this divergence signals a potential uptrend for altcoins, with more upside to come in the ongoing bull market.
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