Ethereum (ETH) Price Potentially Targeting $300, Top Analyst Michael van de Poppe Says

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Fri, 06/05/2020 - 14:45
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Vladislav Sopov
Ethereum (ETH) is in the spotlight for traders right now for multiple reasons. But some top-level analysts foresee a drop before further rallying
Ethereum (ETH) Price Potentially Targeting $300, Top Analyst Michael van de Poppe Says
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Dutch cryptocurrency trader and analyst Michael van de Poppe (@CryptoMichNL) has published a prediction of the most comfortable zone for Ethereum (ETH) price consolidation. Also, he revealed a crucial resistance level in front of the ongoing bull run.

Consolidation before future growth

According to the prediction by Mr. van de Poppe, an Ethereum (ETH) price drop of 10-11% would be the most reasonable scenario for its next consolidation. The zone between $215 and $220 looks comfortable for long positions to be opened.

Michael van de Poppe predicts Ethereum (ETH) drop to $215
Image via Twitter

If Ethereum (ETH) manages to hold above $210, Ether holders can expect a splendid run, its potential target being $300.

Although, the Ethereum (ETH) price could witness two more consolidations on the road to sub-$300 waters. The last time the Ethereum (ETH) price reached these levels was almost one year ago.

All in all, Mr. van de Poppe has no doubts about the character of the Ethereum (ETH) chart structure:

Overall looking great

Bright future for Ethereum (ETH)

Mid-term prospectives for the Ethereum (ETH) price also look spectacular. Dan Tapiero, founder of Gold Bullion International investment company recently admitted that we're on the verge of an 'explosive upmove' of the Ethereum (ETH) price.

This position is confirmed by the splendid technological progress of both Ethereum (ETH) and Ethereum-based products.

Last week Matic second-layer scalability solutions released mainnet, a Bitfinex integrated Plasma infrastructure by the OMG Network and a couple of zk-based systems delivered meaningful updates.

Also, the insane rally of the Grayscale Ethereum Trust stock is the best indicator for how huge interest in Ethereum (ETH) prospectives is.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)