Analyst and merchant Michaël Van de Poppe warns that the two main cryptographic assets by market capitalization can have deeper corrections, because the markets are negotiated with the new American data showing an increase in inflation.
Van de Poppe says to its 795,100 subscribers on the social media platform X that after Bitcoin (BTC) has printed new peaks of all time and Ethereum (ETH) increased in the fork of $ 3,000, the digital assets will probably start to lower trends depending on the previous history.
“Classic on the markets here. We will probably see a little more drawback on Bitcoin and Ethereum to extract long. Remember: volatility increases, the price increases. This means that severe corrections are at the corner of the street.”
Looking at his graph, the analyst suggests that ETH could decrease in $ 2,750 before a trend reversal.
Bitcoin is traded at $ 116,947 when writing the editorial’s time, down 5% compared to its historic summit of $ 122,838 on Monday.
Meanwhile, Ethereum is negotiated on $ 3,048 at the time of writing, up 19% last week.
Then, the analyst indicates that the Blockchain Su (SUI) network of a layer-1 displays solid market fundamentals after finding the level of $ 3, and he thinks that the digital asset has more upward potential.
“The strongest ecosystems bounce the strongest when a reverse market. Sui is one.
SU is negotiated at $ 4.01 at the time of the editorial staff, up 2.4% in the last 24 hours.
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