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.
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