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The rally in cryptocurrencies, caused by the fall of three US banks, also touched Ethereum. Over the week, the altcoin added 25%, having already tested the $1,800 mark, the cryptanalyst argues.
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Michael van de Poppe believesthat an important resistance level now is $1,850. According to the analyst, having reached the mark, Ethereum will roll back to the area between $1,680 and $1,725. After that, the price will jump to $2,000.
The maximum value that could be reachedEther for the last days - $1,844.48. On Sunday, March 19, the strengthening against bitcoin by 0.49% was a positive factor for the world's second-largest cryptocurrency by capitalization.
An even more impressive picture emerges iflook at longer timeframes. For a week, the cryptocurrency added more than 12%, and for a month more than 11%. A positive factor was the growth in trading volume in the last two weeks. The current market capitalization of ETH is just over $218 billion.
Two weeks earlier, Van De Pop had already made a prediction about bitcoin. Then he thought that BTC could drop to the $19,700 area.