In the world of cryptocurrency, Arbitrum is emerging as a strong player following in Ethereum‘s footsteps. Analyst Michaël van de Poppe considers Ethereum’s resilience and the spread of this situation to Arbitrum and Optimism as a promising trend.
Arbitrum’s recent movements are evaluated by the analyst as consistent with a positive outlook. Despite the potential for retests at lower levels, it appears ready for an increase towards $1.30, setting the stage for the first quarter of a bull market.
Analyst PEPE is thought to be gaining significant momentum on the chart. Van de Poppe indicates that after a retest in the range of $0.000001285-$0.000001350, PEPE could potentially rise to the $0.000002000 level. According to the analyst, PEPE might become the new DOGE.
According to the analyst, OP is mirroring Ethereum’s trajectory and emphasizes the importance of strategic entry points during potential corrections. In the event of a market pullback, the suggested region for an appropriate entry is between $1.85 and $1.935.
While Bitcoin consolidates around $43,000, Ethereum is gaining momentum and indicating a bullish trend in the market. The analyst notes that the approach of the ETH/BTC ratio to a potential bottom could be exciting for altcoins over the next two months. This in-depth analysis points to a mature market environment ripe for strategic investments and increasing activities in the crypto space.