Trader Michaël van de Poppe Says Ethereum Flashing Massive Bullish Signal, Updates Outlook on Bitcoin and Sei
A closely followed crypto analyst says Ethereum (ETH) may be gearing up for a massive breakout against Bitcoin (BTC). In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart. A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows. “A massive bullish divergence on ETH. The entire Ethereum ecosystem thriving [on November 6th].” Source: Michaël van de Poppe/X In an update, the analyst says that ETH/BTC is starting to take off as it seems investors are rotating profits from Bitcoin’s massive rally into alts like ETH. “That’s it. The markets are rotating, as ETH has a massive bounce upwards. Next step? Create a hi...