Crypto analyst Michaël van de Poppe has reiterated his bearish short-term stance on Ethereum (ETH), highlighting indicators of market correction that he first flagged final week.
In a brand new chart evaluation, van de Poppe factors to a transparent bearish divergence on the decrease timeframes (LTF), signaling a possible downward transfer for ETH after its latest rally towards $4,000.
In response to the analyst, the first bounce zone lies close to $3,300, a stage the place he estimates a 70% likelihood of restoration. Nevertheless, if macro or geopolitical occasions intensify risk-off sentiment, he expects a deeper retracement into the $3,000–$3,100 vary—which he calls “one of the best entry of the second half of the 12 months.”
The chart reinforces this view, exhibiting divergence on the RSI alongside clear lack of momentum. Two key help blocks are outlined, with the decrease block seen as a high-probability accumulation zone. The broader market seems to be getting into a cautious part, and van de Poppe means that ETH’s drop might supply a compelling alternative for mid- to long-term bulls.
This view contrasts with different analysts like Mike Novogratz, who nonetheless imagine Ethereum could end the 12 months close to $4,000. For now, nevertheless, van de Poppe warns that merchants ought to put together for additional volatility and monitor technical ranges intently.
