Ethereum’s Fate Tied to Gold: A Comedic Crypto Conundrum! 💰😂

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In the grand theater of cryptocurrency, where fortunes rise and fall like the tides, a sage of the digital realm, Michaël van de Poppe, proclaims that Ethereum (ETH) shall find its nadir in the shadow of a soaring asset. Ah, the irony! 🎭

With a following of 781,600 on the platform X, our intrepid analyst muses that the “disastrous” dance of ETH’s price will pirouette into a new rhythm once gold, that glittering relic of yore, which has ascended 19% in the past year, finally takes a bow. 🥇

“A massively disastrous chart for ETH. I don’t know where this will bottom, although I suspect that the peak of gold and the bottom of Ethereum are going to be correlated.”

Van de Poppe, with the wisdom of a seasoned oracle, attributes gold’s recent ascent to the tempestuous winds of President Trump’s tariff threats. He predicts a reversal, as if the universe itself is playing a cosmic joke. 😂

“Gold is rallying due to the uncertainties surrounding the tariffs from Trump. I assume this will rotate in the coming one to two weeks:

-Uncertainties over.

-Perhaps labor markets becoming weaker.

‘Buy the rumor, Sell the News’ type of event.”

As of now, gold glimmers at $3,116 per ounce, while ETH languishes at $1,798, a staggering 63% below its celestial peak reached in November 2021. Oh, the tragedy! 🎢

In a final flourish, Van de Poppe turns his gaze to Bitcoin (BTC), suggesting it must revisit its recent lows around $76,000 before it can muster the strength to rise again. A true rollercoaster of emotions! 🎢

“It seems to be vital that we’re seeing some more downward momentum on the markets for Bitcoin. The trend is still lower highs and lower lows. Test at the lows before reversing back up?”

At this moment, Bitcoin stands at $81,962, a testament to the wild ride of the crypto carnival. 🎠

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2025-03-31 15:01