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.
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.
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.
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.
According to data shared by Wu Blockchain, over $5.8 billion in crypto options expired today, with Ethereum leading the action.
Ethereum surged 5.18% in the past 24 hours, crossing the $3,600 level and reaching $3,670 before going back to $3,590 at the time of writing.
XRP officially entered uncharted price territory on July 18, surging past its previous record to hit a new all-time high of $3.64, fueled by a powerful combination of U.S. regulatory progress, technical breakouts, and heavy whale accumulation.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.