More and more analysts bet on Ethereum in both short and long term. Judging by the recent dynamic of the main cryptocurrencies, Ethereum coped with volatility much better than Bitcoin. Michaël Van de Poppe, an analyst at Amsterdam Stock Exchange, was the first to note this fact. “Ethereum is also resting on that support between $2,300-$2,400 and looking great on the daily candle. The market isn’t that bad,” Van de Poppe is sure.
While market participants remain focused on Bitcoin, Ethereum is accelerating in the mentioned range to surge in July, the expert believes. Michaël Van de Poppe sees levels of $2.900, $3.275, and $3.704 as possible resistance. However, he has not specified the time when the altcoin may reach these levels. Some market participants suppose that Ethereum may show a rise as early as next month closer to a hard fork. Big players are not planning to sell ETH as it was created as a platform for smart contracts with its internal currency, which has gained popularity among investors. Tim Draper, a billionaire, said that crypto would reshape finance, insurance, government, and healthcare. This could affect primarily the data storage as it could be kept on the blockchain. However, later, artificial intelligence could be introduced to operate with data using smart contracts.
