Ethereum’s decline may be nearing its end, according to analyst Michaël van de Poppe, who believes its bottom will align with gold reaching its peak.
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He points to gold’s ongoing surge—fueled by uncertainty around Donald Trump’s tariff policies—as a key factor, suggesting that once the precious metal cools off, Ethereum could regain strength.
Gold has climbed 19% over the past year and is currently trading at $3,116 per ounce, while Ethereum remains far below its all-time high, sitting at $1,798. Van de Poppe expects gold’s rally to fade in the coming weeks as concerns ease and economic conditions shift, which could set the stage for a turnaround in ETH’s price action.
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He also comments on Bitcoin’s trajectory, predicting that BTC may need to revisit support around $76,000 before resuming an upward move. Despite recent market weakness, he hints at a potential reversal once key levels are tested.
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The broader market outlook remains uncertain, with many investors watching for signs of a shift in sentiment. If Ethereum does find its bottom in sync with gold’s peak, it could mark a key moment for altcoins, potentially sparking renewed interest and capital inflows into the sector.
However, much depends on macroeconomic conditions and whether risk appetite returns to the crypto market.
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Alexander Stefanov
