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

News
Fri, 06/05/2020 - 14:45
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
Cover image via www.instagram.com
Contents

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.

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.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)