Van de Poppe Sees Ethereum, Not Bitcoin, Leading Next Leg Higher

Renowned analyst Michaël van de Poppe has made a shift in focus from Bitcoin to Ethereum, predicting that ETH will lead the next leg higher. Van de Poppe argues that BTC will not be the driving force behind this move, instead citing the strength of Ethereum as the key factor.

The current price action on the 4-hour chart shows ETH trading at $2465.36, within the Bollinger band with upper resistance at $2512.18 and lower support at $2447.39. The neutral RSI(14) reading of 46.82 suggests that there is still room for continuation in the price action.

However, the broader structure remains bearish until a decisive break above the upper band occurs, as indicated by the MACD death cross and position below the EMA50 at $2470.81. This means that investors will need to wait for a clear signal before getting optimistic about ETH's prospects.