- Ethereum is expected to fall below $3.6k in the following few weeks.
- Lower highs have been established since the $4,891 ATH.
The crypto market’s value decreased from $2.8 trillion to $2.18 trillion in only a month. ETH, SOL, and ADA are all down 30-40 percent from their all-time highs in terms of market capitalization. Further revisions will be expected within a few weeks.
According to crypto analyst Micheal Van De Poppe, the bull market will begin in early 2022. Previously, he spoke on the current remedial perspective in a recent video.
Unlike September or November, he expects a three- to four-week respite in the market. He also predicted Bitcoin and Ethereum’s upcoming bull wave.
Bitcoin (BTC) – There’s been a lack of movement in the flagship asset since November, and it’s been setting lower highs since then. Micheal Van De Poppe is certain that a bear market will begin within the next three to four weeks. This week, the price of Bitcoin returned to the $48,000 level that was seen in August.
After claiming ATH in October, it strengthened between $56k and $58k, then slid below the level. The analyst predicts a $45,000 correction in the price. He expected a significant rise in Q1 2022 if support levels between $49k and $51k were maintained.
Van De Poppe has highlighted that Ethereum’s price has continued to strike the bottom support since October’s parabolic surge. Lower highs have been established since the $4,891 ATH.
To check whether investors are still interested in the protocol, it may continue to fall below its critical level of support. Ethereum is expected to fall below $3.6k in the following few weeks before resuming its bull run in early 2022, according to him.
By early 2022, the crypto market must sustain current market bottoms to verify the long-predicted bull cycle. On the other hand, experts urge the community to look for entry points as soon as the bear cycle is through.