Ethereum Price Prediction by MN Trading, Correction Still Continuing?

Bittime - Price correction sentiment still seems to be influencing the crypto market. Michaël van de Poppe, founder of MN Trading, provides his views regarding the price prospects for Ethereum(ETH) and Bitcoin (BTC) in the next few weeks.

 Ethereum Price Prediction by Founder of MN Trading

Source: Twitter/@CryptoMichNL 

Via a tweet on Twitter, Michaël van de Poppe stated that Ethereum would likely still experience a price decline.

Check Today's Crypto Market:

Ethereum Price: Correction Nearing the End?

He estimates that ETH price could undergo another 10% correction before reaching higher timeframe support levels.

In other words, Ethereum's price correction may not be completely over, but Van de Poppe is optimistic that once this correction is complete, Ethereum's price will increase again in the coming weeks.

Bitcoin Price Could Be Worse Than Ethereum Price?

Previously, Michaël van de Poppe also tweeted his predictions for the price of Bitcoin. He believes that Bitcoin is currently in the lowest price range in a correction phase.

According to technical analysis, Van de Poppe prefers Bitcoin to stay in that price range. This is considered to help maintain long-term upward price momentum and maintain Bitcoin's current price range.

However, Van de Poppe warned of a potential correction higher if Bitcoin fails to stay in its current price range. He estimates that Bitcoin prices have the potential to fall to $52,000-55,000 during this correction process.

Also Read How to Buy Crypto:

Predictions Based on Historical Price and Volume Data

The predictions conveyed by Michaël van de Poppe are based on technical analysis, namely analysis that uses historical price and volume data to predict future price movements.

Although technical analysis can provide an idea of ​​potential price movements, it should be noted that these predictions are not always accurate. Crypto asset prices are very volatile and can be influenced by various fundamental factors and market sentiment.

Check Crypto Prices Today:

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

Ethereum ($ETH) Price Prediction 2024-2033: Will it Reach $10K?

Ethereum Price Problem: Is Ethereum Price Recovery in Danger?

Ethereum (ETH) Price Increase Towards $4,000: Price Patterns and On-Chain Activity

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.