Analyst picks Ethereum, Polkadot, and 4 other altcoins for accumulation

Several cryptocurrencies, including Ethereum (ETH) and Polkadot, are at the top of a prominent analyst’s accumulating priority list, he claims.

Crypto expert Michal van de Poppe informs his 624,700 Twitter followers that he thinks long-term bulls may acquire digital assets at heavy discounts on the crypto markets.

In addition to the top smart contract platform Ethereum and interoperability chain Polkadot, Van de Poppe claims he is now amassing Cosmos (ATOM), an ecosystem of scalable and interoperable blockchains.

The crypto strategist also has his eye on SKALE (SKL), a blockchain network that promises to enable developers to establish Ethereum-compatible decentralized chains, and Mina Protocol (MINA), a project aiming to expedite the blockchain identification process.

Van de Poppe predicts in a new strategy session that Ethereum must maintain its immediate support in order for a climb over $2,000 to be possible.

“Clearly, you want a test range of $1,450 to $1,475. If this holds, we can proceed. You want to see a $1,685 crack.”

Based on Van de Poppe’s chart, the analyst anticipates a possible Ethereum surge to $2,225. At the time of writing, one ETH is worth $1,556.

According to Van de Poppe, Bitcoin (BTC) is now trading inside a tight range between $19,000 and $20,600 in the lower period.

“Technically, you want it to hold above this region here ($19,800)… If we drop between $19,800 and $20,000, we will likely sweep the lows here ($18,900). The issue will then be if a very large volume candle liquidity grab will be followed by a rapid reversal, allowing us to get to the other side of the range ($20,600).”

Van de Poppe forecasts a breakthrough rally to $22,000 should Bitcoin reach $20,600. At the time of writing, one bitcoin is worth $19,866.

Also Read: CNBC Analyst Brian Kelly Warns Upcoming Ethereum Merge Is More Dangerous Than Investors Appreciate