Leading crypto analysts Michaël van de Poppe, Titan of Crypto, Daan Crypto Trades, and Merlijn The Trader have highlighted that Ethereum (ETH) is poised for a significant upward move. Van de Poppe points out that ETH is making higher lows against Bitcoin, signaling a potential breakout, though he cautions that ETH might drop to around $2,200 before starting its uptrend.
Key technical resistance at $2,800 has rejected the price four times in the past month, and ETH is currently consolidating within a tight $2,400-$2,680 range. Analysts emphasize that price compression patterns like this usually precede large moves. If ETH breaks convincingly above $2,800, targets around $4,000 are expected, potentially leading to new all-time highs above $4,800 as forecasted by some.
Additionally, technical setups involving breaking out from falling wedges and the Relative Strength Index (RSI) retesting breakout zones reinforce the bullish continuation thesis. Historical analogs from Ethereum's 2016-2017 cycle show similar patterns leading to explosive rallies, now supported by institutional interest and Ethereum ETFs inflows.
Despite the rising Bitcoin dominance, which some fear may suppress altcoin rallies, the analysts remain confident ETH will lead the next altcoin upswing. Current ETH price hovers around $2,500-$2,640 amid these dynamics, showing modest short-term volatility but overall bullish potential.