Renowned in the cryptocurrency market, analyst Michael van de Poppe has observed notable activity in the crypto asset known as SEI. According to van de Poppe, if SEI manages to break the $0.20 barrier, a price surge exceeding 100% could be on the horizon. The analyst also indicates that critical technical signals for Bitcoin 
$63,053 and Ethereum 
$1,866 are highlighting important thresholds.
Critical Resistance and 100% Target for SEI
Van de Poppe notes that SEI is currently trading at $0.17 and faces significant resistance. This resistance is positioned at the $0.20 level. He asserts that if this level is surpassed, the price could rise to a range between $0.30 and $0.35, presenting investors with a potential return exceeding 100%.
In his remarks, he stated, “SEI has started to show momentum. There is a strong positive divergence on the long-term charts against Bitcoin, and it also faces critical resistance in dollar terms. If the $0.20 level is breached, the upward trend is likely to continue,” he noted.
Examining SEI’s technical indicators, signs of increased volume and the end of price consolidation are evident. Particularly during periods of consolidation in the altcoin market, such sudden breakouts can lead to significant rallies. The analyst emphasizes the importance of closely monitoring SEI.
Anticipating a Test of $87,000 for Bitcoin
On the Bitcoin front, van de Poppe suggests that after the current sideways movement, a new rally may be imminent. The leading cryptocurrency has recently remained stable around $83,800. However, he believes that retesting $87,000 could generate strong momentum towards a new all-time high.
“Bitcoin has been trapped in a range recently. If it tests the $87,000 mark again, we might see a strong breakout towards an all-time high,” van de Poppe stated, arguing that this level could shift market sentiment. If Bitcoin gains volume support during this period, the rally could be more sustainable.
Ethereum May Show Inverse Correlation with Gold
In his analysis of Ethereum, van de Poppe highlights the price of gold. He notes that ETH has historically shown inverse correlation with gold, suggesting that if gold prices peak, Ethereum may experience a rise. Recently, ETH experienced a 2% decline, trading at $1,589.
The analyst also mentions that Ethereum’s RSI indicator has entered the oversold region, which could signal a potential rebound. “We started the week well, with ETH rising 4% against Bitcoin. However, these gains have generally been short-lived in recent months. The key point to watch is whether gold will reach its peak,” he warns investors.
For Ethereum investors, monitoring critical levels and alt market dynamics remains essential. Changes in gold prices could significantly influence ETH’s trajectory.
