Ethereum (ETH) Rally Incoming? Popular Market Commentator Sees Imminent Breakout
- A widely followed crypto analyst suggests Ethereum (ETH) may break upward within the next 1–2 days.
- Chart analysis indicates strong consolidation at a key support zone.
- Analyst predicts ETH may soon outperform Bitcoin (BTC).
- Market sentiment shows rising attention toward ETH trend reversal signals.
Ethereum (ETH) is about to make a notable price move, according to popular market analyst Michaël van de Poppe. In a post published this week on X (formerly Twitter), he shared a chart of ETH consolidating above a key support level and said the asset “is so eager to break to the upside.”
Analyst Highlights Bullish Setup for Ethereum (ETH)
The analyst also suggested that the breakout could happen “probably 1–2 more days,” adding that Ethereum (ETH) could gain momentum and outshine Bitcoin (BTC) in the short term. He derives this analysis from the premise that structural support has held up firmly, despite repeated retests, which suggests buyers may be absorbing downward pressure.
The post quickly gained traction on social media, reflecting the growing anticipation among traders who have been watching the recent price compression of ETH.
Also Read: Ethereum Gears Up for $2,900 Surge Following BitMine’s Massive Purchase
Current Market Structure: Trend, Resistance, and Support Zones
Ethereum (ETH) currently has a market capitalization of approximately $350.73 billion, with a trading volume of about $27.01 billion in the last 24 hours. At press time, the altcoin is trading at $2,904.5 having decreased by 1.22% over the past 24 hours.
The price is moving in a bullish trend and is currently testing a resistance level near $2,963.47. If it breaks above this, the next target could be $3,250.00. On the downside, the support level is around $2,763.35. If the altcoin falls below this level, we might see a drop towards $2,500.00.
The blue line indicates the resistance level at $2,963.47, while the yellow line represents the support level at $2,763.35.
Chart Shows Strong Base Forming
The chart shared in the post suggests that this has been an extended consolidation, with ETH repeatedly respecting the mid-range demand zone. This is viewed by many technical traders as a precursor to a potential upside breakout when combined with dropping selling volume and increasingly tight price action.
Van de Poppe’s chart also shows a previously strong rally, which could suggest ETH is merely cooling off before its next leg upward. Stability around the highlighted support area further solidifies a bullish bias among analysts.
ETH vs BTC: A Shifting Dynamic
One of the key takeaways from the analyst’s commentary is that ETH might outperform Bitcoin. The ETH/BTC ratio has always been widely watched. Especially in periods of market uncertainty or rotation.
A breakout in ETH may signal reinvestment confidence in the alternative layer-1 networks, amidst Ethereum’s continued dominance in decentralized finance (DeFi), decentralized applications, and token issuance infrastructures.
Also Read: WASM in 2025: The Future of Ethereum Smart Contracts and Blockchain Development
