One of the popular crypto analysts, Michael van de Poppe, has analyzed the top two virtual currencies as they strive to hold on to their support level.
Michael informs his 616,200 Twitter fanbase that for Ethereum, $950 is the lowest support level and also says that the lead altcoin might soon surpass $1,140 to hit $1,500.
The analyst explains that it’s a crucial time for Ethereum. Though Ethereum is currently unstable, the ETH/USD pair is not doing as bad. Therefore, he predicts that if Ethereum successfully overtakes $1,140, the journey towards $1,400 and eventually $1,500 will be possible.
At the moment, Ethereum is trading at $1,212 with a surge of 10.57% in the last 24hrs.
Bitcoin Price To Hit $30,000?
The next currency the strategist talks about is Bitcoin, the world’s first cryptocurrency. According to him, though the global cryptocurrency market is yet to be pulled back, the recent capitulation phase was worsened by the Terra (LUNA) and Celsius (CEL) collapse.
As per the expert, for Bitcoin to capture the $30,000 level, it has to surpass the $22,000 resistance and surge around 36% from the current value.
At the time of publication, Bitcoin is selling at $20,834 with an upswing of 5.06% in the last 24hrs.
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Source: https://coinpedia.org/altcoin/analyst-reveals-crucial-levels-for-bitcoin-and-ethereum-amid-a-tumultuous-market/