Ethereum's native token, Ether (ETH), could rally more than 50% toward $3,000 in the coming weeks, according to crypto ***** yst Michaël van de Poppe, who argues that the current price range offers an attractive accumulation opportunity before a potential breakout.
In an Aug. 12 post, Van de Poppe said the "ideal moment" to position in Ethereum is "literally right now," arguing that investors waiting for definitive bullish confirmation could risk entering after a substantial portion of the move has already occurred.
His three-day ETH/USD chart highlights previous accumulation phases around the $1,500–$2,000 region that preceded sharp upside moves.
In one example, Ethereum rallied roughly 60% within less than a week after escaping a similar consolidation range. Van de Poppe also pointed to comparable price behavior in 2023, suggesting ETH could repeat the pattern "in a matter of days/weeks."
A rally toward Van de Poppe's $3,000 target would represent gains of approximately 57% from the current price.
#price #range #accumulation
In an Aug. 12 post, Van de Poppe said the "ideal moment" to position in Ethereum is "literally right now," arguing that investors waiting for definitive bullish confirmation could risk entering after a substantial portion of the move has already occurred.
His three-day ETH/USD chart highlights previous accumulation phases around the $1,500–$2,000 region that preceded sharp upside moves.
In one example, Ethereum rallied roughly 60% within less than a week after escaping a similar consolidation range. Van de Poppe also pointed to comparable price behavior in 2023, suggesting ETH could repeat the pattern "in a matter of days/weeks."
A rally toward Van de Poppe's $3,000 target would represent gains of approximately 57% from the current price.
#price #range #accumulation
6 days ago
