Crypto analyst Michaël van de Poppe predicts Sei (SEI) may rise over 100% if it breaks a crucial resistance at $0.20. He suggests Bitcoin (BTC) is set for a bullish move, stabilising at $83,800, while Ethereum (ETH) could see an uptrend influenced by gold prices, currently priced at $1,589. The RSI for ETH suggests potential bullish movement as it operates in an oversold condition.
Michaël van de Poppe, a prominent crypto analyst, forecasts potential bullish movement for Sei (SEI), a competitor to Solana, indicating it could surge over 100% if it surpasses a significant resistance level. Currently priced at $0.17, down 2.4% in the last 24 hours, breaking through $0.20 could propel SEI towards $0.30-$0.35, according to van de Poppe’s analysis on the social platform X.
In terms of Bitcoin (BTC), van de Poppe suggests it is experiencing a consolidation phase, which might precede a substantial upward movement. He noted that Bitcoin is currently stabilising around $83,800, indicating that a test of $87,000 might lead to a new all-time high.
Regarding Ethereum (ETH), the analyst mentions a potential uptrend could begin depending on gold trends, given ETH’s historical inverse relationship with gold prices. Currently trading at $1,589 and down 2% over the last day, ETH has increased by 4% against Bitcoin recently but has struggled to maintain gains post-spikes in the past.
Van de Poppe highlights that ETH’s Relative Strength Index (RSI) suggests bullish signals, having entered the oversold territory, which typically indicates a possible price increase. With ETH having endured a bear market for 1,225 days, he notes that gold has doubled in value during this timeframe, highlighting the ongoing challenges ETH faces in the market.
