In this scenario, Van de Poppe, who assigned a special role to Ethereum, argued that the movement he expected in altcoins should develop under the leadership of ETH. His phrase for the market, if the resistance zone is overcome, was “party time.”
The analyst also emphasized in his statement that instead of reducing his positions, he remained fully invested. Thus, despite the weakness in the market, he did not back down from his altcoin expectations.
Van de Poppe had also stated earlier in the day that market sentiment had become extremely negative and that he was buying on dips. His latest Ethereum assessment was a continuation of this approach.
*This is not investment advice.
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