Popular analyst Michaël van de Poppe believes that the 2021 cryptocurrency rally is far from over. In his YouTube video, van de Poppe commented that the bulls should take out an important resistance level on Bitcoin around $27,800 to signal the end of the correction. As for Ethereum, the popular analyst believes the broader uptrend is still in effect as long as it maintains its support level on the weekly timeframe.

This year has already seen tremendous upside in both Bitcoin and Ethereum prices and it looks like this trend isn’t set to slow down soon. When looking at Bitcoin, van de Poppe sees a potential retracement to between $26,600 and $28,000 but also cautions that these levels need to be sustained for the rally to continue. Getting over the $27,800 mark is essential for Bitcoin’s uptrend to resume.

Relating to Ethereum, van de Poppe believes the budget-friendly altcoin will stay afloat even in the face of an all-time high close to breaching the $2,000 mark. As long as Ethereum closes out the week above $1,800, then the uptrend is not yet over. Ethereum has already had an incredible 2021, even eclipsing its all-time high of around $1,400, and it appears this trend will continue.

Bitcoin and Ethereum have seen immense growth in 2021 and according to analyst Michaël van de Poppe, the rally isn't over yet. For Bitcoin, van de Poppe sees a possible retracement to support levels between $26,600 and $28,000 and for Ethereum he believes that it won't be in trouble as long as it closes out each week above $1,800. If Bitcoin can breach the $27,800 resistance then it will signal the start of a full recovery. As both cryptocurrencies continue to trend upwards, this may be the perfect opportunity for new investors to enter the market.



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