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.
#Ethereum looks ready to test $3,400 again.
— Michaël van de Poppe (@CryptoMichNL) April 26, 2022
If that breaks -> party time. pic.twitter.com/JfFjaZrO0Z
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 BTC/USD traded 5.2% higher at $40,525.
The cryptocurrency markets are seeing recovery — with Dogecoin DOGE/USD topping the charts — following Elon Musk reaching an agreement to purchase Twitter Inc. TWTR for $44 billion.
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