Ethereum cryptocurrency may rise to $ 2000 in the near future

The rally in cryptocurrencies caused by the fall of three American banks also affected Ethereum. Over the week, altcoin added 25%, testing the $ 1,800 mark.

Michael Van De Poppe believes that $ 1,850 is an important resistance level now. According to the analyst, after reaching this mark, the ether 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 ether has been able to reach in recent days is $ 1,844.48. A positive factor for the world’s second-largest cryptocurrency was its 0.49% strengthening against bitcoin.

The situation is even more interesting if we look at longer timeframes. The cryptocurrency gained more than 12% in a week and more than 11% in a month. A positive factor was the increase in trading volume over the past two weeks. The current market capitalization of ETH is just over $ 218 billion.

Two weeks earlier, Van De Poppe had already made a forecast for bitcoin. At the time, he believed that BTC could drop to the $ 19,700 area.