Veteran cryptocurrency trader and market analyst Micha\u00ebl van de Poppe has revealed he believes the second-largest cryptocurrency by market capitalization, Ethereum ($ETH) could see a \u201csignificant run\u201d after it broke through a key level.<\/p>\n
In a tweet shared with his over 600,000 followers, the analyst noted that the cryptocurrency could see low-end support at around the $950 mark, while suggesting that it could run as high as $1,500 if it manages to break through its resistance at $1,140.<\/p>\n
Taking the veteran cryptocurrency trader\u2019s analysis, the cryptocurrency could now see a \u201csignificant run\u201d as CryptoCompare data shows that Ethereum is trading at $1,220 after moving up over 12% in the last 24-hour period. It\u2019s worth noting that earlier this year the cryptocurrency was trading above $3,000 before a severe downtrend in crypto markets saw its value plunge.<\/p>\n
As CryptoGlobe recently reported, a pseudonymous\u00a0cryptocurrency trader known as Kaleo shared his thoughts on Ethereum\u2019s roadmap to $10,000 \u2013 which would be a new all-time high for the cryptocurrency \u2013 with his over 520,000 followers on Twitter, noting he expects ETH to keep on ranging lower in the near future, potentially dropping to $800.<\/p>\n
Kaleo warned his followers to expect volatility until the next BTC halving, after which the price of Ethereum could surge to enter a new price discovery period in late 2024 or early 2025.<\/p>\n