Crypto analyst Michaël van de Poppe has reiterated his bearish short-term stance on Ethereum (ETH), highlighting signs of market correction that he first flagged last week.
In a new chart analysis, van de Poppe points to a clear bearish divergence on the lower timeframes (LTF), signaling a likely downward move for ETH after its recent rally toward $4,000.
According to the analyst, the primary bounce zone lies near $3,300, a level where he estimates a 70% chance of recovery. However, if macro or geopolitical events intensify risk-off sentiment, he expects a deeper retracement into the $3,000–$3,100 range—which he calls “the best entry of the second half of the year.”
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The chart reinforces this view, showing divergence on the RSI alongside clear loss of momentum. Two key support blocks are outlined, with the lower block seen as a high-probability accumulation zone. The wider market appears to be entering a cautious phase, and van de Poppe suggests that ETH’s drop could offer a compelling opportunity for mid- to long-term bulls.
This view contrasts with other analysts like Mike Novogratz, who still believe Ethereum may finish the year near $4,000. For now, however, van de Poppe warns that traders should prepare for further volatility and monitor technical levels closely.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
