Ethereum Experiences Pullback Amid Market Shift, Analyst Eyes Buying Opportunity

Ethereum followed suit and the price of ether dropped. It certainly had an impressive second act late in the evening, which was an indication of a big rotation of capital away from Bitcoin. As such, Michaël van de Poppe said he would like to be buying ETH in the $2,100-$2,250 range if Ethereum gets a larger pullback.
Ethereum's price was $2,468.88 at 9:15 p.m. ET but experienced a 2.64% decline in the last 24 hours. The price didn’t stay down for long though as it dipped all the way down to $2,411.59 but made a late night recovery.
Ethereum’s market share rose to 9.1% even with the price drop. This increase indicates that investors are moving their interest from Bitcoin to Ethereum. This indicates that investors are taking a step back and reassessing their portfolios, perhaps looking for different opportunities to invest in the cryptocurrency market.
Michaël van de Poppe, a well-known cryptocurrency analyst, commented on the potential buying opportunities that could arise from Ethereum's price movements.
I expect shallow corrections, but would be diving into these as opportunities. - Michaël van de Poppe
When Ethereum does pull back, I’d be looking to get interested again as Ethereum approaches the $2,100 to $2,250 area,” Van de Poppe said.
The post discussed Ethereum’s support level.
Any dips, if needed at all, would only solidify $2,200 as range low support - Rekt Capital
The Canadian crypto analyst claims that $2,200 may act as a strong range low support for Ethereum.

Ava Thompson
Blockchain Market Psychology Editor
Ava Thompson explores blockchain and market psychology through an evidence-based yet human-focused lens. She bridges strategic thinking with direct, nuanced communication, and her work features a balance of in-depth analysis and relatable storytelling. Outside the newsroom, Ava is an avid urban gardener and street art enthusiast.
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