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Crypto analyst Michaël van de Poppe, evaluating the recent technical outlook for Ethereum ($ETH), stated that the bullish scenario is becoming increasingly stronger. According to the analyst, the high lows and high highs formed on $ETH’s daily chart highlight the possibility of an upward breakout.
Van de Poppe noted that Ethereum’s daily chart “is starting to look better day by day,” and highlighted the $1,870 and $2,000 levels in the current market structure.
According to the analyst, if $ETH loses the $1,870 level, the decline could be quite rapid due to the high liquidity zones below the price. In such a scenario, it is possible for $ETH to fall below $1,700 and then recover.
However, Van de Poppe believes that the current technical structure supports an upward movement rather than a downward one. Noting the continued formation of higher lows and higher highs in the Ethereum price, the analyst therefore sees a higher probability of an upward breakout.
$2,000 is a Critical Threshold for Ethereum
According to Van de Poppe, if Ethereum clearly surpasses the $2,000 level, the upward movement could become quite sharp. The analyst stated that after such a breakout, he doesn’t expect $ETH to linger at significant resistance levels for long, and a surge similar to some of the rapid price movements seen in 2025 could occur.
Van de Poppe noted that $ETH might encounter short-term resistance around $2,200 during its rise, adding that this could be an intermediate level within a larger move.
The analyst’s main upside target is the $2,800 level. Accordingly, a strong break above $2,000 could bring Ethereum’s price first to the $2,200 level and then to the $2,800 region.
On the other hand, the $1,870 level stands out as a critical support in a downward scenario. Van de Poppe warns investors that if this level is lost, a rapid liquidity movement towards below $1,700 could occur.
*This is not investment advice.