Ethereum

Rally

Optimism

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/michael-van-de-poppe-predicts-ethereums-potential-rally/" data-wpel-link="internal">Michael van de Poppe Predicts Ethereum’s Potential Rally</a> 
One of the most widely followed analysts and <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> in the cryptocurrency world, Michael van de Poppe, has expressed his belief that Ethereum (ETH) could rapidly experience a massive rally for a valid reason. 
<h2 style="text-align: justify" id="what-is-ethereum-s-price">What is Ethereum’s Price?</h2> 
In a post on social media platform X, Van de Poppe noted that spot ETH exchange-traded fund (ETF) inflows have surpassed new supply, which he believes is a bullish catalyst. 
<blockquote> 
 ETH supply created in 2024: $160 million. Net inflow to ETH ETF in the last two days: $150 million. Demand exceeds supply. 
</blockquote> 
<img decoding="async" class="aligncenter size-full wp-image-378194" src="https://coin-turk.com/wp-content/uploads/2024/08/ethereum-etf-coin-turk-com.png" alt="" width="512" height="571"> 
Additionally, van de Poppe stated that ETH’s major rally is likely to emerge as a result of ETF inflows and added: 
<blockquote> 
 I believe Ethereum is significantly undervalued and is poised for a substantial rise if these inflows continue. 
</blockquote> 
The analyst also mentioned that Ethereum could rise to approximately $4,000 within weeks if it can hold the support level of $2,600 on the weekly chart. 
<blockquote> 
 The second scenario for ETH has occurred and was much deeper than we expected. However, if Ethereum closes above $2,600, I believe we have seen the real low and are ready for a significant upward move. The inflows are extremely positive. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378191" src="https://coin-turk.com/wp-content/uploads/2024/08/ethereum-yorum-grafik-coin-turk-com.png" alt="" width="610" height="330"> 
Ethereum is trading at $2,586 at the time of writing, with a 3.7% increase in the last 24 hours. Meanwhile, the ETH/TRY pair shows a price of 86,539 TL. 
<h2 style="text-align: justify" id="optimism-op-comments">Optimism (OP) Comments</h2> 
Van de Poppe also indicated that the <a href="https://en.coin-turk.com/what-is-a-crypto-wallet/" data-wpel-link="internal">cryptocurrency market</a> might have reached a bottom following Monday’s drop and that potential rallies could occur for projects like Optimism (OP), which serves as an Ethereum scaling solution. 
<blockquote> 
 This week presents large weekly candles. A deep wick, but it quickly rebounds, and some even turn green. I believe there is a significant possibility that we have seen the lowest point. OP also has a significant candle. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378192" src="https://coin-turk.com/wp-content/uploads/2024/08/op-optimism-coin-turk-com.png" alt="" width="606" height="322"> 
Optimism’s price continues to trade at $1.34 at the time of writing, following a 9.89% increase in the last 24 hours. 
<h2 style="text-align: justify" id="what-is-aave-s-price">What is AAVE’s Price?</h2> 
Lastly, the altcoin AAVE was analyzed by the analyst. He commented that Aave (AAVE), which serves as a money market protocol, could experience a significant breakout following a consolidation period at the $100 level. 
<blockquote> 
 One of the most promising charts in crypto is AAVE. DeFi (decentralized finance) looks great for a major breakout. 
</blockquote> 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-378193" src="https://coin-turk.com/wp-content/uploads/2024/08/AAVE-coin-turk-com.png" alt="" width="607" height="308"> 
Aave’s price experienced a 2% drop and is trading at $97 at the time of writing, continuing to trade in line with the analyst’s expectations. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/michael-van-de-poppe-predicts-ethereums-potential-rally/" data-wpel-link="internal">Michael van de Poppe Predicts Ethereum’s Potential Rally</a></h5>
The post <a href="https://en.coin-turk.com/michael-van-de-poppe-predicts-ethereums-potential-rally/" data-wpel-link="internal">Michael van de Poppe Predicts Ethereum’s Potential Rally</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Michael van de Poppe Predicts Ethereum’s Potential Rally

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