Michaël van de Poppe, a popular crypto analyst and trader, previously known on Twitter as Crypto Michael, has recently mapped out what is likely to be the next trend of Ethereum (ETH) and VeChain (VET) as crypto market showcases bullish trend.
In a new video first reported by Daily Hodl, Crypto Michael told his teeming YouTube subscribers that he’s seeing a bullish potential in Ethereum (ETH), the second largest cryptocurrency by market cap, as it gathers momentum to break above $2,300 resistance level.
Michaël van de Poppe noted:
“We can conclude that we’ve got a double bottom, and we’ve got a range low. Next to that, what you want to see, and especially if Bitcoin is going to make a corrective move, is that Ethereum is going to test the level around $2,000 and sustain there for support. That would grant a new higher low. That would grant some more strength.”
According to the popular trader, a break above $2,300 would take the leading digital currency to a new support needed to maintain its bullish trend.
At the time of filing this report, Ethereum (ETH) is trading at $2,295, with a relatively 1% price upsurge in the last 24 hours.
VeChain (VET) Is On Track to Hit $0.11
The top crypto analyst is also keeping a close watch on VeChain (VET), the leading enterprise blockchain platform against the largest cryptocurrency by market cap, Bitcoin (BTC).
According to Crypto Michael, VeChain (VET) is on track to hit 0.0000027 BTC, which is worth $0.11 at current prices.
Michaël van de Poppe tweeted, “Still following the path on Vechain. I’d like to see it hold green but also crack above 220 sats to trigger continuation to 270 sats. If 220 sats can’t flip for support, then we might even see 155 sats before reversing.”
Still following the path on #Vechain.
I’d like to see it hold green but also crack above 220 sats to trigger continuation to 270 sats.
If 220 sats can’t flip for support, then we might even see 155 sats before reversing. pic.twitter.com/weiJGuktTw
— Michaël van de Poppe (@CryptoMichNL) July 28, 2021