Analyst says ETH could spike to $3,100 if key resistance breaks
Ethereum is looking to break above a key resistance level at $2,150. Crypto analyst Michael van de Poppe says ETH price could jump to between $3,100 and $3,600 if a breakout happens. Catalyst for the market include a spot Bitcoin ETF approval and developments on Ether spot ETF applications. Ethereum (ETH) traded to highs of $2,136 last week, before giving up some of the gains over the weekend to touch $2,016. The top altcoin has however seen an uptick on Monday, rising to change hands around $2,120 as buyers looked for a first green candle in three days. Various market observers see a potential approval for a spot Bitcoin ETF as a catalyst that could catapult both BTC and ETH . While many experts opine that the most likely period for approval is early January, there’s a window for the SEC to greenlight the first spot Bitcoin ETF for the US market. This window is open until November 17. Reminder: There is currently a window open this wee...