Michaël van de Poppe, a crypto analyst and trader who is widely followed in the crypto market, thinks that an Ethereum (ETH) rival altcoin project could prepare for a price spike. The famous analyst also states that another ETH rival altcoin will also rally.
ETH and this altcoin will rally
Popular crypto analyst and trader Michaël van de Poppe shares with his Twitter followers the cryptocurrencies that may rally soon. The analyst says that Ethereum rival altcoin Near Protocol (NEAR) is likely “ready for a major rally” after finding a support level. Altcoin NEAR can be defined as the native token of the NEAR Protocol, a decentralized application platform designed for scalability and stability.
Popular analyst Van de Poppe, whose analysis we frequently refer to as Cryptokoin.com, states that the $14 range can be a good bottom buying opportunity for the altcoin. Ranked 18th by market cap, altcoin project NEAR Protocol (NEAR) is trading at $15.88, up 0.26% in the last 24 hours at the time of writing.
Van de Poppe: Levels to watch for ETH rival Skale (SKL)
The crypto analyst also thinks Ethereum (ETH) looks good despite the recent price drop. According to Van de Poppe, the leading altcoin could make a big rally very soon. According to Van de Poppe, it started to take shape a little better, although a suspicious movement was still observed as it was the weekly closing. The analyst says that the key resistance of Ethereum is around $3,600.
Ethereum is trading at $2,990.10 at the time of writing, down about 0.28 percent in the last 24 hours. The crypto strategist is also closely following Ethereum scaling solution Skale (SKL). SKL, an ETH rival cryptocurrency, is trading at $0.186, up 5.31% in the last 24 hours. According to the crypto strategist, SKL is rapidly approaching an important support level between $0.16 and $0.18.
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