Popular crypto trader Michaël van de Poppe predicts that the price of Ethereum’s ETH token could reach $3,500 in the next 2-3 months. In a recent Twitter post, van de Poppe stated:
“Ethereum flipped the crucial level at $2,130 for continuation. After that, breakout towards new cycle highs at $2,700 and looking for continuation to $3,500 in the coming 2-3 months.“
This bullish forecast comes on the heels of a technical analysis report on ETH from research firm altfins.

Breakout After Multiple Rejections
According to altfins, ETH finally had a bullish breakout after getting rejected three times at the $2,400 resistance level. This breakout signals a resumption of the overall uptrend, with the next price target at $2,750. altfins recommends placing a stop loss at $2,270, which is 5% below the breakout level.

Additionally, altfins notes that ETH is likely to benefit from the upcoming launch of a spot ETH exchange-traded fund (ETF) in May 2024. The launch of this ETF could bring significant institutional investment into ETH.
The technical analysis firm states that the overall trend for ETH remains bullish across short-, medium- and long-term time horizons. Momentum indicators like the MACD and RSI also reflect growing bullish sentiment.
Key Support and Resistance Levels
If ETH experiences a pullback from current levels, altfins has identified key support zones at $2,150 (previous resistance level) and $2,000. The token recently broke through the resistance at $2,400, clearing the way for a move towards $2,750 next.
Can ETH Really Hit $3,500?
While van de Poppe’s $3,500 target may seem ambitious, it would only require a 57% price appreciation from current levels around $2,230. Given the strongly bullish technical setup and positive fundamentals for Ethereum in the coming months, this target is certainly within reach.
As van de Poppe stated, “After that, breakout towards new cycle highs at $2,700 and looking for continuation to $3,500 in the coming 2-3 months.” If bullish momentum continues building, ETH reaching $3,500 by mid-2024 is a strong possibility.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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Ethereum Founder Vitalik on PoS and PoWEthereum’s co-founder Vitalik Buterin offers four financial tips to help new and seasoned investors mitigate risks amid massive volatility in the crypto space.The Ethereum boss shared the tips after famous blogger Alexander Voigt highlighted how diversification strategy helped Microsoft founder Bill Gate to build his net worth.How Microsoft Founder Boosts Portfolio Using Diversification StrategyVoigt noted that when Gates became friends with prominent American businessman Warren Buffett, he sold most of his Microsoft shares. According to Voigt, the move helped Gates to diversify his portfolio and acquire other stocks.As a result of the decision, the Microsoft founder built his fortune to $138 billion. Voigt emphasized that Gates would have been worth only $1.33 billion if he did not diversify his portfolio.Ethereum Founder Reacts, Offers 4 Financial TipsReacting, Buterin characterized Voigt’s financial tip as awful. However, he offered four tips, which he described as “actual financial advice.”The Ethereum founder first recognized the importance of diversification. Diversifying one’s portfolio cannot be overemphasized, as it helps mitigate risks. Spreading your investment across various assets would ensure that the negative performance of one asset does not entirely affect your portfolio.Secondly, Buterin pointed out the importance of saving. He recommended that people should accumulate sufficient funds to the point where they can cover multiple years of expenses. It bears mentioning that there is no guarantee in investing, given the recent economic downturn that has wreaked havoc on most financial markets. Hence, saving more could help shield one from the problems associated with investing.For the third point, Buterin encouraged investors to be boring with most of their portfolios. The concept of being boring with one’s portfolio suggests that people should opt for low-cost and low-risk assets. Here, Buterin recommends that people be prudent with investing instead of committing their funds to high-risk assets. Lastly, the Ethereum founder warned against using high leverage when investing in the futures markets. Specifically, he cautioned against using over 2X leverage. This advice is necessary, especially in crypto trading, where volatility is rife. Recall that following a 7% dip in Bitcoin price last week, over $655 million worth of long positions were liquidated. The majority of long traders who got liquidated were mainly those who used high leverages. Buterin’s financial tips are suitable for both new and seasoned crypto investors. They serve as a reminder, urging people to be prudent as they seek to bolster their portfolio.#Ethereum2024 #dyor