Michaël van de Poppe believes that ETH will rise in price to $2,000

A crypto analyst who calls himself Bluntz and who forsaw the fall of the main digital coin in 2018 predicted the rise of Ethereum. The expert believes that the second most popular crypto asset has completed the correction and is ready for growth.

According to the Bluntz’s technical analysis, Ethereum hit a semi-annual low earlier and is now in 3% of the buying zone. The cryptanalyst believes that this will not happen in the near future, but advises not to miss the opportunity to earn money.

The expert cited data from which it follows that the ETH/BTC trading pair is at an important support level — 0.618 Fibonacci. This mark is usually a signal to buy with traders.

The positive mood of investors is also supported by statistical data. According to Santiment, those who own a solid supply of crypto assets continue to build capital.

In 2022, the owners of digital assets in amounts from 10 to 10,000 ETH increased their cryptocurrency portfolio by a total of 3.6 million coins, which equals $6.13 billion. In addition, large investors also continue to acquire ETH, having bought over the same period time 9.4 million coins.

Ethereum rose by 25% in a week, breaking the $1,800 mark, noted well-known cryptanalyst Michaël Van De Poppe. In his opinion, the $1,850 mark should become an important resistance level at the present time.

The analyst believes that after reaching this level, the price of ETH will be between $1,680 and $1’725, and then it will rise to $2’000. The maximum mark that Ethereum has been able to reach lately was $1,844.

A positive moment for the second largest digital coin by capitalization was yesterday’s strengthening against BTC by 0.49%. And if we evaluate longer periods, then Ethereum grew by more than 12% in a week, and by more than 11% in a month. The market capitalization of ETH previously also exceeded $218 billion.