At what rate should I buy Ethereum after the maximum update?

Analyst Michael van de Poppe answered the question that many traders are interested in: at what price to buy Ethereum after it updates its historical maximum.

On August 24, the price of ETH reached $4,958 for the first time, but not reaching $5,000, it fell and is now fluctuating around $4,600. This price volatility of the coin forced Michael to make a forecast for the decline in the value of the cryptocurrency.

If there is a correction in the markets, I believe we will see the price of Ethereum drop to $4,100-4,200. This is the perfect zone for accumulating coins before the resumption of the upward movement, after which a new peak will be reached," wrote van de Poppe.
The chart of Ethereum's exchange rate, published by Michael.
If the expert's prediction comes true and ETH first drops to $4,100 and then rises to at least $5,000, buying digital assets at the bottom and subsequently selling them at the peak will yield a 22% profit. The risk lies in the fact that the price of Ethereum could drop even lower, for example, to the level of $3,941 indicated by Michael. In this case, you would incur an unrealized loss by purchasing coins at a rate of $4,100. However, as van de Poppe believes, in the event of a force majeure, the value of ETH will not stay below $4,100 for long.

Commentators who disagree with the analyst's position believe that there will be a weaker correction in the Ethereum market and the coin's price will not drop as significantly. Judging by the Fibonacci levels, the cryptocurrency's price will decrease to $4,580-4,600 before the next stage of the bull rally.