Van de Poppe advises Ethereum owners to realize profits
Analyst Michael van de Poppe warned эфириум-investors about the impending collapse of the cryptocurrency rate.
«What goes up vertically usually corrects sharply. So if all my money was invested in Ethereum, I would sell some of the coins. Then I would use the proceeds to buy ETH at the bottom,» Michael wrote.
When talking about vertical growth, van de Poppe is referring to the rise in the price of Ethereum by almost 39% in the last 10 days. Today, the value of the virtual currency has broken through another barrier of $4,600 and is heading upwards. However, according to Michael, instead of waiting for the cryptocurrency rate to reach $5,000, it makes sense to sell some assets now to lock in profits and reduce risks.
Rapid growth of the Ethereum rate
Many ETH owners followed the expert’s advice and began selling digital assets. This is evidenced by the fact that short-term эфириум-investors realize profit on average, $553 million. But those who hold coins for longer than six months are not yet getting rid of the virtual currency en masse.
Michael believes that the ETH price will update the historical maximum reached at $4,872 in November 2021. Then the accumulation period should begin. Accordingly, the analyst predicts the start of a downward trend only after the coin rate sets a new record.
