‘Altcoin Market Cap at a Break-Point, Ethereum Price to Gear Up in September’- Michael van de Poppe

‘Altcoin Market Cap at a Break-Point, Ethereum Price to Gear Up in September’- Michael van de Poppe

michael-van-de-poppe

The post ‘Altcoin Market Cap at a Break-Point, Ethereum Price to Gear Up in September’- Michael van de Poppe appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space after a stable week appears to have fallen into the bearish well as Bitcoin prices are struggling to maintain $22,000 levels. On the other hand, the altcoins also opted to trade within a narrow range with diminished volatility. While Ethereum price is expected to showcase huge volatility that could uplift the entire crypto space very soon. 

A popular analyst believes the altcoins are showing huge strength as the market capitalization is slowly heading towards the crucial resistance levels. The market cap rebounded fairly from the lower support at $460 billion, currently aiming to achieve $650 billion after striking $600 billion in recent times. 

Source: Twitter

The RSI is attempting to validate a rebound and once done, the market cap is expected to rise. Additionally, the market cap is retesting its 2017 high and holding above the 200-Weekly moving average which is a pretty bullish sign to propel towards $1. 

On the other hand, the analyst also advices keeping a close eye on Tether’s Dominant chart. This indicates most of the crypto market cap is comprised of Stablecoin, USDT. And hence now when the dominance is on the verge to drop, the markets may have upward movement. 

Pointing out Ethereum, the analyst believes, the altcoin may face a strong resistance against Bitcoin in the coming days. However, the asset may maintain a notable bullish momentum to test the resistance at 0.0725 BTC. The bullish momentum is expected to carry on until the Merge in September.

Did you like this?
Tip Bitcoin Tradeboard with Cryptocurrency

Donate Bitcoin to Bitcoin Tradeboard

Scan to Donate Bitcoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate Bitcoin Cash to Bitcoin Tradeboard

Scan to Donate Bitcoin Cash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate Ethereum to Bitcoin Tradeboard

Scan to Donate Ethereum to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Ether:

Donate Litecoin to Bitcoin Tradeboard

Scan to Donate Litecoin to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate Monero to Bitcoin Tradeboard

Scan to Donate Monero to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some Monero:

Donate ZCash to Bitcoin Tradeboard

Scan to Donate ZCash to Bitcoin Tradeboard
Scan the QR code or copy the address below into your wallet to send some ZCash: