Ether forms the basis for continued growth and generally replicates Bitcoin’s trajectory, according to MN Trading founder Michael van de Poppe. In recent weeks, the asset has been holding close to $2,300 resistance, and this dynamic indicates that the market is ready for a new movement after about three months of consolidation.

The analyst calls $2,435 a key milestone to accelerate trend. By testing this level, it is possible to quickly move the market into a more aggressive phase, and the ether is unlikely to stay at intermediate values. The nearest significant target in such a scenario is $3400.

Much will depend on the flagship cryptocurrency. If Bitcoin continues to rise to $84,000-87,000, the Altcoin market will gain additional momentum, and ether as a key asset may show an outperformance due to capital inflows and increased investor interest.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.