Popular cryptocurrency analyst Michael van de Poppe shared his predictions about Ethereum’s price level.
Michael van de Poppe tweeted that he shared his views on the Ethereum (ETH) price, which continues the Merge preparations.
Ethereum Price Chart by Michael van de Poppe
Michael van de Poppe shared his comments by marking critical points on the Ethereum chart on his Twitter account.
In his post, the analyst said that Ethereum is a buy the expectation, sell the news situation. Basing this on the correction in Bitcoin (BTC), the analyst predicts that such a situation may occur in Ethereum. The analyst drew attention to the level of 1350 dollars in the sharing. Poppe said that if Ethereum wants to show something on a price basis, it should stay above $1350.
#Ethereum having a slight 'buy the rumor, sell the news' event, as we've seen a heavier correction on this one during the recent correction of #Bitcoin.
Rejected on crucial block and went south.
Looking for a HL here, and at least to stay above $1,350 if it wants something. pic.twitter.com/BX8PEfdlXI
— Michaël van de Poppe (@CryptoMichNL) September 7, 2022
As of writing, Ethereum is trading at $ 1510 according to CoinGecko data.
The Bellatrix update, which took place yesterday on Ethereum, caused an increase in price from the previous day. Bellatrix update on Ethereum went smoothly. Then, with a serious decrease in BTC-based in the evening, there was a decrease in Ethereum. The London update is next on Ethereum, and if that happens, the “Merge” will have happened. The Ethereum Merge, where the entire crypto world is carefully taking place, is currently progressing smoothly.
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