Analyst Sees Ethereum Set For $3,400 Level

Cryptocurrency analyst Michaël van de Poppe says Ethereum looks set to retest the $3,400 level. If the level is breached, it is "party time," the Eight founder told his 580,000 Twitter followers.

Cryptocurrency analyst Michaël van de Poppe says Ethereum looks set to retest the $3,400 level. If the level is breached, it is “party time,” the Eight founder told his 580,000 Twitter followers.

Poppe’s comments follow a recovery in the cryptocurrency market, with Ethereum breaching the $3,000 at the time of writing, up 6.6% over 24 hours. Bitcoin (CRYPTO: BTC) traded 5.2% higher at $40,525.

The cryptocurrency markets are seeing recovery — with Dogecoin (CRYPTO: DOGE) topping the charts — following Elon Musk reaching an agreement to purchase Twitter Inc. (NYSE:TWTR) for $44 billion.

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