Michael van de Poppe: Ethereum will update the historical maximum at $ 4800

Ethereum ETH $2,498.89 Bridged Ether (StarkGate) -0.57% Market capitalization $0.22 billion VOL. 24 hours $1.7 billion may reach an all-time high of $ 4,800, according to renowned crypto trader Michael van de Poppe. In his opinion, the current drop in the ETH rate below $ 2,400 creates a profitable opportunity for long-term investors. As of the time of publication, the price of the second-largest crypto asset was $ 2,387.

The analyst also positively assesses the prospects of Chainlink, a decentralized orca network. He assumes that if support remains at the current level, LINK has every chance to continue growing. The estimated buy zone is $ 14. Van de Poppe calls Chainlink «a promising project for the new cycle.»

The third cryptocurrency that the trader is tracking is Sei, a first-tier blockchain focused on speed and scalability. Poppe noted that SEI has already broken through the $ 0.19 level and almost reached $ 0.29. A natural correction is underway, which the analyst expects to be completed in the near future.

At the time of writing, Chainlink was trading at $ 15.01 and SEI was trading at $ 0.22. All of Van de Poppe’s estimates are based on technical analysis of the market and observations of recent price movements. He is not an investment advisor and warns of the risks associated with cryptocurrency volatility