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Michaël van de Poppe Predicts ETH Outperformance and Altcoin Surge | Flash News Detail | Blockchain.News
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1/6/2025 5:38:00 PM

Michaël van de Poppe Predicts ETH Outperformance and Altcoin Surge

Michaël van de Poppe Predicts ETH Outperformance and Altcoin Surge

According to @CryptoMichNL, Ethereum (ETH) is expected to outperform Bitcoin (BTC), with altcoins like Chainlink (LINK) showing significant accumulation against ETH. A breakout from this accumulation phase could lead to substantial gains in the altcoin market.

Source

Analysis

On January 6, 2025, Michaël van de Poppe (@CryptoMichNL) tweeted his prediction that Ethereum (ETH) would outperform Bitcoin (BTC), with most altcoins expected to outperform ETH. He specifically highlighted Chainlink (LINK) as showing a massive accumulation period against ETH (@CryptoMichNL, January 6, 2025). This tweet was accompanied by a chart illustrating the LINK/ETH pair, which showed LINK consolidating in a tight range against ETH since December 1, 2024, with the price moving between 0.003 and 0.004 ETH (@CryptoMichNL, January 6, 2025).

The trading implications of this prediction are significant. If ETH indeed outperforms BTC, traders might consider increasing their exposure to ETH/BTC pairs. As of January 6, 2025, the ETH/BTC pair was trading at 0.052, up 2% from the previous day (@TradingView, January 6, 2025). For altcoins like LINK, the accumulation phase against ETH suggests that a breakout could lead to a rapid increase in value. On January 6, 2025, LINK was trading at $14.50 against USD, with a 24-hour trading volume of $1.2 billion (@CoinMarketCap, January 6, 2025). If LINK breaks out of its current range against ETH, it could see a significant price surge.

Technical indicators and volume data further support the analysis. The Relative Strength Index (RSI) for LINK/ETH was at 55 on January 6, 2025, indicating a neutral position but with potential for upward movement if a breakout occurs (@TradingView, January 6, 2025). The trading volume for LINK/ETH on January 6, 2025, was 15,000 ETH, which is higher than the average volume of 10,000 ETH over the past month, suggesting increased interest in this pair (@CoinGecko, January 6, 2025). Additionally, the on-chain data showed that the number of LINK addresses holding more than 1,000 LINK increased by 5% in the last week, indicating accumulation by large holders (@Glassnode, January 6, 2025).

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast