A popular crypto analyst predicts that an Ethereum-based altcoin is poised for a significant surge in the coming months, while also sharing insights on Bitcoin and Sui.
During a recent strategy session, trader Michaël van de Poppe informed his 789,600 followers on X that Arbitrum (ARB), a layer-2 scaling solution, shows signs of potential growth over the next 1-2 months.
“The bullish divergence on ARB remains valid as it forms higher lows and higher highs. This indicates a positive outlook for the next 1-2 months.”
Currently, ARB is trading at $0.411, marking a 1.8% increase for the day.
Shifting focus to Bitcoin, van de Poppe believes that BTC will gradually move towards a new all-time high. However, he cautions that a loss of support at $107,000 could lead to a sharp correction.
“Bitcoin continues its upward trend towards new ATHs. If the support at $107,000 is breached, we may see rapid corrections.”
At the time of writing, BTC is trading at $107,249, slightly down for the day.
Lastly, van de Poppe discusses Sui Network, a layer-1 blockchain platform that recently faced FUD due to a hack. He notes that Sui is recovering well and remains a strong contender for adoption.
“SUI is bouncing back after the recent FUD. Total value locked has increased to $1.8 billion, showcasing its resilience. It’s even outperforming Solana and is expected to continue doing so.”
Currently, SUI is trading at $3.58, slightly up for the day.
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