Ethereum And Cardano New Price Predictions Are Out | CryptoGazette
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Ethereum and Cardano new price predictions just dropped and you can check them out below.
Ethereum and Cardano price predictions
It’s been just reported that the crypto analyst Michaël van de Poppe is outlining the potential price paths for Ethereum (ETH) and Cardano (ADA) after the smart contract platforms’ latest surge.
In a new video, Van de Poppe said that Ethereum is now en route to its next resistance at $3,500 after managing to print the first higher high in four months.
On the other hand, Van de Poppe warns that Ethereum may correct if the leading smart contract platform fails to breach resistance at $3,500.
“What you clearly want to see is that we start to gain strength so that we start to accelerate even more instead of this crawling upwards. In that case, I think we can start taking those highs too and if we clearly are not going to see continuations of strength at that point in time, I’m looking to actually take my profit on Ether too and then I’m expecting ourselves to have a retest.”
At the time of writing this article, ETH is trading in the green and the coin is priced at $3,171.
Regarding Cardano, Van de Poppe said that he also sees ADA rallying in the short-term before making a significant corrective move.
“It seems very likely that we’re going to sweep the highs here ($1.30) as that’s the resistance point, have a bearish divergence and then have a corrective move back towards $0.95 as people are still eager to take the profits from the positions that they have been building up. In that sense, I would not be expecting a continuation yet…We’re going to find ourselves a re-test of the low or potentially a higher low before we can start continuing.”
Stay tuned for more news and make sure to keep your eyes on the market.
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