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A closely followed crypto analyst is predicting Ethereum’s (ETH) path to all-time highs, as well as updating his outlook on two other big altcoins.
Trader Michaël van de Poppe tells his 786,500 followers on the social media platform X that he’s expecting ETH to start making a run to $4,800 with anything below the $2,400 level a bargain for bulls.
“Anything sub $2,400 on ETH is, after this big move upwards, a steal before we’ll start to run of towards the ATH’s (all-time highs) for Ethereum.”
At time of writing, ETH is trading at $2,387, nearing Van de Poppe’s high time frame support area.
The trader is also keeping an eye on decentralized blockchain oracle service Chainlink (LINK). According to Van de Poppe, LINK is most likely a solid play looking ahead, with the $14 level being a potential entry point for bulls.
“It would be great if LINK holds this first level of support.
If buying pressure comes in here, that’s a sign of continuation.
What is the next level?
Around $14.
All in all, I think that we’ll start up a new cycle and LINK is a good one to monitor.”
LINK is trading for $15.01 at time of writing.
Lastly, the analyst is keeping tabs on Sei (SEI), a layer-one blockchain focused on speed and efficiency. Van de Poppe believes the Solana (SOL) challenger is close to igniting a new leg up.
“SEI flipped the level at $0.19 and continued to run upwards, almost to the level that we wanted it to touch at $0.29.
Standard pullback since, and I think that we’ll be ending the correction relatively soon.”
SEI is worth $0.22 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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