Crypto analyst Michaël van de Poppe is laying out his forecast for Ethereum (ETH) and several altcoins as the crypto market shows signs of recovery.
The trader tells his 577,100 Twitter followers that after breaching $3,000, Ethereum will face the next resistance level at $3,125.
“Ethereum moving upwards after holding crucial level.
Seems to me that we’re going to test $3,125 next.”
Source: CryptoMichNL/TwitterThe second-largest coin by market cap currently trades at $3,110.91.
APE, the crypto asset created by the founders of the Bored Ape Yacht Club (BAYC), is currently trading at $13.19. Van de Poppe says that this is a major test region for the altcoin.
“The current way I’m looking at APE. It’s looking decent as we’ve held the area around $10.40 for support + flipped the region of $11.40 for support.
As long as that holds, I’m expecting another rush towards $13 for potential short entries.”
