In his most recent forecast, crypto analyst Michaël van de Poppe indicates that Ethereum may surpass Bitcoin, citing technical indicators that point to a strengthening of the asset. The analysis suggests a potential significant appreciation for both, with greater relative appreciation potential for Ethereum.
This projection occurs while the market seeks signs of a recovery. Van de Poppe's perspective depends on Bitcoin reaching new heights, which, according to him, would create conditions for Ethereum to approach its all-time high.
An important technical indicator points to strength.
Van de Poppe's main argument lies in the recent performance of Ethereum's chart. He highlights a relevant technical indicator — the 20-day moving average (MA) — as the main motivation for his optimistic view.
"ETH is the asset to watch. I believe we will see a test at $100,000 for Bitcoin and I imagine an even stronger appreciation. However, I think ETH will surpass Bitcoin, which we have already observed recently. It continues to stay above the 20-day moving average and is starting to accelerate. If Bitcoin reaches $115,000, I am sure Ethereum will be close to a new all-time high," said Michaël van de Poppe on X.
Staying above the 20-day moving average is generally seen by traders as a sign of strength in the short term.
This indicates that buyer interest is sufficient to sustain the price above the recent average, signaling possible continuation of the upward trend.
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The chart shared by the analyst, which tracks the ETH/BTC pair, reinforces this argument by indicating a breakout. When the value of this pair rises, it represents a strengthening of Ethereum's price relative to Bitcoin.
The advancement of Bitcoin may lead Ethereum to a new all-time high.
Although the highlight is on Ethereum's potential, the forecast is directly linked to Bitcoin's performance itself. Van de Poppe describes a scenario in which Bitcoin could reach $115,000. If that happens, he believes Ethereum will be close to setting a new all-time high.
Ethereum's all-time high was around $4,950, reached 4 months ago, according to CoinGecko data. To return to that level, an expressive movement throughout the market would be necessary. Historically, these movements have Bitcoin as the leader.
This assessment is shared by other market participants, who also observe similar technical patterns. One trader noted that Ethereum's momentum is 'to the moon'.
"ETH's momentum is extremely strong, outperforming BTC by rising above the moving average, ready for another surge! #Bitcoin," commented the analyst CryptOpus.
This shared view reinforces the indication that a change in market dynamics may be underway. Additionally, recent data points to growing interest in investment products in Ethereum.
Often, periods when Ethereum outperforms Bitcoin are considered indicative of the beginning of an 'altseason', when other cryptocurrencies also record significant gains.
Thus, traders and investors closely monitor the ETH/BTC ratio as a reference for market sentiment. If Van de Poppe's analysis is correct, the coming weeks may register a significant capital reallocation in the crypto market, with Ethereum leading this movement.
The article 'Will Ethereum Outperform Bitcoin? Understand Michaël van de Poppe's Forecast' was first seen on BeInCrypto Brazil.
