Michael van de Poppe advises scaling off, sitting in cash, and longing after a dip.

Michael van de Poppe advises scaling off, sitting in cash, and longing after a dip.

Michael van de Poppe, co-founder of MN Trading Capital, has advised traders to scale off their positions, sit in cash, and consider longing after a dip. This advice comes amidst Ethereum's recent surge, which has seen the cryptocurrency rise above $4,000, wiping out $105 million worth of short positions [2].

Ethereum's price jump has sparked mixed reactions among analysts. While some see it as a sign of altcoin success and a shift from Bitcoin to riskier assets, others remain skeptical. Van de Poppe, however, is bullish on altcoins, predicting gains of 200-500% in the next 2-4 months. He believes the recent move of Ethereum is the first step towards a more risk-on appetite [2].

Despite the optimism, not all traders are convinced. Some analysts, such as Ash Crypto, warn that Ethereum historically performs weakly during August and September, making them cautious about the current rally. Additionally, the third quarter has been Ethereum's weakest-performing period since 2016, delivering an average return of just 6.48% [3].

Van de Poppe's advice to scale off and sit in cash suggests he believes the current rally might be overvalued or that it could face a correction. His recommendation to long after a dip implies he sees potential for further gains in the future. This strategy aligns with his prediction of significant altcoin gains in the coming months.

In conclusion, Michael van de Poppe's advice to traders is a reflection of the mixed sentiment surrounding Ethereum's recent surge. While some see it as a sign of altcoin success, others remain cautious. Van de Poppe's bullish outlook on altcoins suggests he believes the current rally is just the beginning of a larger trend.

References:
[1] https://www.cryptopolitan.com/eric-trump-warns-betting-against-btc-eth/
[2] https://www.fxstreet.com/cryptocurrencies/news/ethereum-surge-signals-incoming-200-500-altcoin-pump-trader-202508080528
[3] https://www.cryptopolitan.com/eric-trump-warns-betting-against-btc-eth/