ETH Approaches 2022 Low And Expected To Take Liquidity: Analyst

• Michael van de Poppe notified the crypto community that ETH is approaching the 2022 low and speculated that it is likely to take liquidity there.
• He also stated that the bullish divergence signals are being imprinted on the one-day and three-day timeframe charts.
• Ethereum is priced at $2,274.22 after facing a 5% fall in seven days.

In the midst of the BTC ETF application uproar, Michael van de Poppe, a well-known crypto analyst, notified the crypto community that Ethereum is approaching the low of 2022 and speculated that it is likely to take liquidity there. The crypto analyst further mentioned that if the BTC ETF is approved, a liquidation candle may develop on the ETH/BTC chart, followed by a rotation into Ethereum combined with a bullish weekly divergence. 

Observing the past price action momentum, van de Poppe observed that Ethereum performed very well in the first quarter of every year. He also stated that the bullish divergence signals are being imprinted on the one-day and three-day timeframe charts. Finally, he also predicted that ETH ETF would also be the next “hot topic” in the coming months. 

According to CoinMarketCap, Ethereum is priced…

The post ETH Approaches 2022 Low And Expected To Take Liquidity: Analyst appeared first on Coin Edition.